Hello there I had a question which looks like it may have been answered but I am in Scotland. I don't think we have SDLT - we have LBTT (replacement of Stamp Duty) but feel free to correct me if I'm wrong. So at the moment I have one property which is my main ... Continue Reading
Hello, I hope someone can help, I have purchased a small parcel of land which I hope to build 4 small workshops on. It is costing more than I expected and I have been paying for plans etc personally. I plan to maybe sell the workshops when built. I am wondering ... Continue Reading
Hi All, not 100% if this is right place but just looking for any thoughts on a fairly complex scenario. I'm a part qualified accountant so haven't seen the need to use accountant for tax affairs to date (been letting out property for 3 years now) - but considering ... Continue Reading
Hello, I hope someone can help, I am buying small house for a friend who has fallen on hard times, the plan is to buy the property for him and his family to rent for a few years before they buy it from me for the same price I paid. They hope to have a deposit within ... Continue Reading
For a number of years we owned a house, which was our main residence, and a flat which was rented out under an AST. When we sold the house we nominated the flat as our main residence. our bank details were transferred to the flat address, we took over the council ... Continue Reading
A company that I invested in a year ago is more issuing a two year Medium Term Note paying 10% interest. I'm thinking to lend them money but I have heard that this can affect both my existing EIS and future EIS. Is that correct? Continue Reading
Hi there, Can you advise me regarding CGT please? In 2015 I moved out of my home after 26years, and at that time, for BTL mortgage purposes, the house was valued at £340k. I then rented it out and It's now worth about £385k. In the meantime I bought a flat ... Continue Reading
This is a seemingly trickier question than I imagined and I should be most grateful for any assistance you can offer. An individual has a FHL, all income from which will obviously contribute towards their VAT registration threshold turnover. The individual also ... Continue Reading
