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Where Taxpayers and Advisers Meet

Search found 4469 matches

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by section 44
Tue Jan 31, 2017 5:20 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Do we pay 3% extra stamp duty for primary home?
Replies: 6
Views: 741

Re: Do we pay 3% extra stamp duty for primary home?

We are put off by the extra 3% in tax to pay and have some hope in thats as we are buying our primary home we could be exempt?
It would be a second dwelling and therefore the extra 3% would apply
by section 44
Tue Jan 31, 2017 5:16 pm
Forum: Property Taxation
Topic: Overpaid property tax
Replies: 5
Views: 1167

Re: Overpaid property tax

Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years
?
by section 44
Tue Jan 31, 2017 5:14 pm
Forum: Property Taxation
Topic: Husband owns rental property. Can wife be taxed for rental income?
Replies: 8
Views: 2361

Re: Husband owns rental property. Can wife be taxed for rental income?

In writing, declare a trust of the property for the benefit of your wife
by section 44
Mon Jan 30, 2017 3:44 pm
Forum: Property Taxation
Topic: (Un)lucky property tax situation
Replies: 4
Views: 842

Re: (Un)lucky property tax situation

With a zero percentage beneficial interest the only reason I can see to have you on the legal title is that on the deaths of parents the legal title will then reside exclusively with you (but it wasn't really not necessary). I wonder whether something around means-tested benefits/care home fees etc?
by section 44
Mon Jan 30, 2017 2:30 pm
Forum: Capital Gains Tax, CGT
Topic: income tax or capitol gains
Replies: 1
Views: 329

Re: income tax or capitol gains

sounds like employment-related income
by section 44
Mon Jan 30, 2017 2:26 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Multiple dwelling relief for annex
Replies: 7
Views: 6925

Re: Multiple dwelling relief for annex

Could you ask for confirmation directly from HMRC?
by section 44
Mon Jan 30, 2017 2:23 pm
Forum: Income Tax
Topic: Taxation for Professional Sports Bettor?
Replies: 1
Views: 989

Re: Taxation for Professional Sports Bettor?

the first link looks bettor than the second
by section 44
Mon Jan 30, 2017 2:20 pm
Forum: Property Taxation
Topic: money held in trust
Replies: 1
Views: 586

Re: money held in trust

She would be taxed in the same way as anybody else. Minors cannot legally own property but tax is generally concerned with beneficial, rather than legal, ownership so this technicality shouldn't affect anything
by section 44
Mon Jan 30, 2017 2:18 pm
Forum: Property Taxation
Topic: (Un)lucky property tax situation
Replies: 4
Views: 842

Re: (Un)lucky property tax situation

You, your mother and your father could together transfer the legal title to the property to your mother and father.
by section 44
Mon Jan 30, 2017 2:16 pm
Forum: Property Taxation
Topic: Husband owns rental property. Can wife be taxed for rental income?
Replies: 8
Views: 2361

Re: Husband owns rental property. Can wife be taxed for rental income?

Generally tax is not concerned with legal ownership, income becomes to the beneficial owner(s) and it is they that are taxed on it.

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