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Where Taxpayers and Advisers Meet

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by MarkJT
Fri Jun 26, 2020 7:17 pm
Forum: Property Taxation
Topic: BTL allowable expenses
Replies: 2
Views: 860

BTL allowable expenses

Hi, We bought a property in Dec 2019, with the aim of renovating it and then renting it. We have a small number of BTL properties. We are currently renovating it and hope to complete the renovations in August 2020. We are living in the property whilst we renovate, we do not have a "home" property at...
by MarkJT
Sun Sep 15, 2019 9:29 pm
Forum: Property Taxation
Topic: Income/CGT/Stamp duty implications of gifting 50% of a property
Replies: 1
Views: 8732

Income/CGT/Stamp duty implications of gifting 50% of a property

Hello I'm trying to understand any tax implications, in terms of stamp duty, income tax and CGT on the following scenario. I am retiring shortly, and my wife is also stopping working. We will have some income from BTL property. I will be a basic rate tax payer, but my wife's income will be about £5k...

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