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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Additional Property SDLT
on 26/09/2020 23:24, by AMUK786

Hi All, A quick clarification on the additional property SDLT: I am selling my main residence and purchasing a new main residence (£800k). SDLT I work out £300k * 3% = £15k I also have two BTL properties. If I am selling my main residence for a new main ... Continue Reading

Sale, Purchase, Remortgage and Transfer
on 25/09/2020 23:13, by AMUK786

Hi All, I am currently in the process of multiple property transactions and trying to assess the various SDLT taxes that may be due. I am selling my main residence to purchase another main residence with my wife so the mortgages and deeds will be joint. I also ... Continue Reading

Capital Gains Tax CGT Calculation
on 25/09/2020 22:47, by AMUK786

Hi All, I'm trying to understand if I will be liable for capital gains tax when I sell my property in November. 1. Bought the property November 2009 for £268k 2. Let the Property from November 2009 to December 2014 3. Main Residence from June 2015 to November ... Continue Reading

Negligible Value Claim in Respect of Shares Questions
on 25/09/2020 20:47, by curiouslady

Hi, Can anyone please advise with regards to a few questions to know if I qualify for negligible value claim in respect of shares against income tax. Any advise/clarity on this very much appreciated. I bought some shares using my shares ISA in a UK company that ... Continue Reading

Transfer property out of LTD company to individual
on 25/09/2020 15:22, by lolawillow1

Hi I'd like to know, if a company owns a residential property worth £250K and wants to transfer the property to an individual not associated with the company as a gift, what are the tax implications? There is no mortgage on the property. Continue Reading

Cross Border Taxation
on 25/09/2020 14:18, by Fridashed

Can HMRC impose Inheritance Tax on a Guernsey Resident who is a Guernsey Tax Domicile, with regard to immovable property received by testamentary disposition (the deceased was UK domiciled). Continue Reading

Looking for another way to keep savings
on 25/09/2020 12:45, by ML

I have a flexible saver account with my HSBC Bank and it produces a pathetic gross interest (less than 50p!). What are other safe ways of exploring saving methods besides premium bonds and ISAs that all give rock bottom interest? Continue Reading

Previous topic not answered fully
on 25/09/2020 12:30, by ML

I was given a good answer about CGT on a parcel of land that somebody wanted from me as garden land, only to discover that the new owner was refused by planners since it was described as agricultural land. To me, it was only scrubland and had no agricultural use. ... Continue Reading

Tony Margaritelli gives us an update following the recent government announcement about easing lockdown.