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
My brother and I own a second home in equal shares as tenants in common. There is no mortgage nor any outstanding charges. I am considering a gift of half of my share to my wife, with my brother’s share remaining the same. So ownership as tenants in common would ... Continue Reading
Hi all, looking for a practical solution... I have a trading company (LTD) and a linked investment company which draws dividends (in specie) from the trading company for the purposes of investment in property, stocks etc. My relative wants to start doing property ... Continue Reading
A few months after my father passed, my mother gifted me £20k. A few months later, my mother decided to carry out a deed of variation on my father's will so his savings of £12k would be left directly to me. For the purposes of the IHT nil rate band/HMRC, would ... Continue Reading
Job requirement: An ability to run an organisation that does not wish to speak with its customers...Tick Continue Reading
Can a husband gift his wife all or part of a non-reporting fund for her to sell in order for the sale to fall into a lower income tax bracket since she has no other income (unlike him)? Would the wife have to file a separate tax return or is there a way to jointly ... Continue Reading
