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Where Taxpayers and Advisers Meet

Search found 57 matches

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by kanrent
Fri Sep 14, 2018 5:48 pm
Forum: Capital Gains Tax, CGT
Topic: Non resident landlord
Replies: 2
Views: 565

Non resident landlord

I bought my house in 1983 lived in it until 2002 Then let it out and went to live abroad as a non-resident . I now need to return to the UK to live . Should I sell the property before I return and become a UK resident again If I return and live in the property again before I sell will I still be exe...
by kanrent
Thu Dec 07, 2017 6:46 am
Forum: Capital Gains Tax, CGT
Topic: CGT non residents
Replies: 2
Views: 587

CGT non residents

hi i bought my house in 1982 lived in it as my only home until 2002 then rented it out and went to live abroad and still living abroad, so i have been non resident since 2002 if i sell my house in 2018 how many years CGT will i have to pay if i remain non resident at the time of sale. also how many ...
by kanrent
Thu Dec 07, 2017 6:18 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: cash gift
Replies: 1
Views: 454

cash gift

Hi im going to give my son enough money to buy a house is this covered by the 7 year rule or will it be liable for IHT or any other type of tax
by kanrent
Fri Oct 27, 2017 5:33 am
Forum: Property Taxation
Topic: Council tax rental property
Replies: 1
Views: 3233

Council tax rental property

Hi am I allowed to claim council tax as an expence when my rental property is empty, also the standing charge for gas electric and water.
by kanrent
Thu Oct 26, 2017 5:46 pm
Forum: Capital Gains Tax, CGT
Topic: CGT non residents
Replies: 3
Views: 4335

Re: CGT non residents

IM conserned about the year before I became non resident of they take it Frome their official date and not the date I actually left the uk
by kanrent
Thu Oct 26, 2017 4:59 pm
Forum: Capital Gains Tax, CGT
Topic: CGT non residents
Replies: 3
Views: 4335

CGT non residents

Hi i bought my home in 1987 lived there for 15 years as my only home, in 13 July 2002 i rented it out and went abroad to live on the 25 July 2002 I contacted HMRC to find out what the official date was that i became non resident they told me that i became non resident on the 6 December 2003 i have m...
by kanrent
Thu Nov 24, 2016 4:14 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT leaving rental property
Replies: 2
Views: 633

Re: IHT leaving rental property

i live abroad in a rented property the buy to let house is the only house i own
by kanrent
Thu Nov 24, 2016 6:27 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT leaving rental property
Replies: 2
Views: 633

IHT leaving rental property

hi i have just bought a buy to let property worth 300,000 pounds
i have 200,000 pounds in cash
can anyone tell me if i would pay inheritance tax on the property if i die after 2020
or what would my IHT bill be
the property will be left to my daughter
by kanrent
Sat Jul 30, 2016 9:40 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: TMRA rented propery
Replies: 5
Views: 947

Re: TMRA rented propery

will that still apply if the property has been rented out ?
thanks
by kanrent
Sat Jul 30, 2016 9:07 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: TMRA rented propery
Replies: 5
Views: 947

Re: TMRA rented propery

thank you peter
just one thing example if my total IHT estate is worth 425,000 pounds on my death in 2018 and transfered to my daughter what would the IHT tax bill be.
as it has been rented out would TMRA still be applicable with a 425,000 threshold or would the 325,000 apply

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