I have a query relating to PPR relief. To summarise the relevant facts: - I purchased an investment property 5 years ago in my own name as part of my personal investment property portfolio, that has been rented out since (both the house with it's large garden ... Continue Reading
Quite a simple question, really, but have been unable to find the answer anywhere......do savings in a Lifetime ISA count towards your Lifetime Pension Allowance? Cheers. John Continue Reading
4 years ago my elderly father transfered £120,000 to me as a gift to invest in a small business. Despite it being a gift I wanted to pay it back and over the next year repaid £6,500. Things got a little tight financially and my father reiterated that he didn't ... Continue Reading
With IR35 reforms coming in on the 6th April my company will no longer be able to trade. Unfortunately all my clients and potential clients have decided that they will deem all contractors inside IR35 (They don't want to risk long and costly battles with HMRC) ... Continue Reading
In 2013 I purchased a residential investment property in my own name that has been rented out since. I shall shortly be terminating the tenancy as the time has come to sell the property with vacant possession. When the tenants have moved out and before putting ... Continue Reading
My late father created an IIP Trust in November 2015, and passed away last October. He settled his half of the marital home (as Tenant-in-Common) into it when it was created, plus some cash in 2016, total value was about £227,000 (£102k cash + £125k valuation ... Continue Reading
Morning I have a situation where someone has sold a property that they both lived in and also rented out. There is no gain tax because of capital costs incurred and also exempt portion when they lived in the property. I know that non residents still need to report ... Continue Reading
Hello, If a parent (called a) is a beneficiary of a will but wishes to direct the inherited assets to his son (called b) but b is also executor, do the assets need to be passed by b as executor to a first and the back from a to b to implement the dov or can b ... Continue Reading
