My mum died with nothing left in the estate other than a buy to let of which I was joint tenant, and which reverted to me by survivorship. My sibling did not benefit from any cash via the estate, though their home was also jointly owned with mum and is now theirs. ... Continue Reading
Hi All, My wife started working as a sole trader last year after after the business she was working at closed. She now works as a barber 1 day a week in a friends salon. She travels to the salon in her own car that she has owed for many years. Can anyone advise ... Continue Reading
My civil partner bought a property in 2021, value £665,000. She would now like to give me a half share. What is the best way of doing this (Land registry, deed of trust, beneficial ownership)? We would like to avoid SDLT and CGT (either now or in future). Would ... Continue Reading
Hello everyone, I’m currently simulating the growth of a portfolio over a one-year period using a strategy of systematically reinvesting monthly gains (the famous compound interest effect). On paper, the projections look promising, but I’m stuck on the tax ... Continue Reading
Hi, looking for some tax advise in relation to form 17. Sure I've come to the right place here so would be very grateful if someone could help us out. My wife and I jointly let out a property, which she manages and receives the rent for, and has for some time. We ... Continue Reading
My mother-in-law, widowed in 1995, purchased a new property in her sole name in November 1997. In 2003, the property was transferred into three names of the mother and her two only children, as Tenants in Common in equal shares. The property continued as the mother’s ... Continue Reading
Hi I have been subject to a surprise inspection by HMRC in relation to a property transferred into my name by my dad. He currently rents it out to long term tenants- he receives the income and deals with all maintenance etc with the house. I have had no involvement ... Continue Reading
Hi all short story- My dad transferred a property he rents out to myself in early 2020. He still receives the income from the property and deals with all maintenance etc etc. I was contacted last year by HMRC around undeclared letting income. Turns out I need ... Continue Reading
