This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 49 matches

Go to advanced search

by dotto
Fri Nov 09, 2007 8:27 am
Forum: Capital Gains Tax, CGT
Topic: Transfer of part of let property to son
Replies: 4
Views: 594

<t>Your advisers have already informed me that it would be sensible to dispose of part of my let property before the next tax year because of the changes in taper relief. I would like to transfer half of the property to my son before April 2008 as he can't afford to buy it from me. I have taken into...
by dotto
Fri Nov 02, 2007 2:02 am
Forum: Capital Gains Tax, CGT
Topic: Removal of taper relief on let property
Replies: 4
Views: 693

<t>Thank you for your response. I shall be doing this to reduce my tax liability with regard to the changes next April (taper relief). I will sell half of the flat to my son for the correct market value so would not be worried about the IR valuing it as well. At the time of selling the flat in the f...
by dotto
Thu Oct 25, 2007 11:22 pm
Forum: Capital Gains Tax, CGT
Topic: Removal of taper relief on let property
Replies: 4
Views: 693

I am a divorced female so no man to worry about! It is unlikely that the property will increase substantially in value by 2010 but thank you for pointing this out. I will work out figures just in case. I am very grateful for your response.
by dotto
Thu Oct 25, 2007 5:45 am
Forum: Capital Gains Tax, CGT
Topic: Removal of taper relief on let property
Replies: 4
Views: 693

<t>I shall have owned a flat for 8 years in Feb 2008 and had decided to keep it for 10 years to take advantage of taper relief. Purchased flat for £50,000 - no mortgage. Now the taper is to be abolished I am thinking of selling half the flat to my son in March 2008 for £65,000, to take advantage o...
by dotto
Tue Apr 19, 2005 12:15 am
Forum: Capital Gains Tax, CGT
Topic: Capital gains tax on transfer of land
Replies: 1
Views: 926

<t>Have now purchased property on large plot of land. Three owners, all living in property. Two owners now wish to remain in property and refurbish. One owner wishes to build on land at the side, which is effectively the garden. Been told there is relief for exchanges of joint interests. Have copy o...
by dotto
Tue Feb 15, 2005 2:11 am
Forum: Capital Gains Tax, CGT
Topic: Demolishing property on plot of land
Replies: 4
Views: 1320

<t>You have got me worried. Why is it dangerous please. We are each going to build our own house and live in them, possibly long term. This may leave one house or plot spare. However, some of us need accommodation whilst we are sorting out architects/planning. Would we be on dangerous ground if some...
by dotto
Sun Feb 13, 2005 1:27 pm
Forum: Capital Gains Tax, CGT
Topic: Demolishing property on plot of land
Replies: 4
Views: 1320

<t>Thank you for your very helpful response. You have seen this in a different form. As you can see, we can't make up our minds and at the moment we have all decided to build or build three for ourselves and sell one on which we realise cgt will be due. The two youngest member of the group will have...
by dotto
Sun Feb 13, 2005 6:21 am
Forum: Capital Gains Tax, CGT
Topic: Demolishing property on plot of land
Replies: 4
Views: 1320

<t>Myself, partner and family members, four in total are thinking of purchasing a bungalow which stands in half an acre. We would all like to build our own houses on the plot which will mean demolishing the bungalow. In effect we are buying the plot of land. We shall all live in the houses we have b...
by dotto
Thu Jan 27, 2005 2:36 am
Forum: Company Taxation
Topic: House purchase for redevelopment
Replies: 1
Views: 913

<t>Purchasing property with land. Intend living in house for 12 months whilst planning sorted. Hopefully 5 plots.<br/> Partner, partner's son and girlfriend and myself living in house.<br/> Partner's son building new house on one plot<br/> Partner and I building house on other plots.<br/> All contri...

Go to advanced search