Mr B and Mrs B jointly own UK house which has been rented out since they became non-UK resident in 2001 (both had previously lived in it for 1 year). Mr B became UK resident in August 2024, but plans to become non-UK resident again in May 2028 (which will be for ... Continue Reading
First post on site Took voluntary redundancy gross pay for the redundancy was £37841.17 which included working a mth in April the tax taken out on the full amount was £2211.73 My income is £965 state pension every 4 weeks And my company pension is £639 per ... Continue Reading
Hoping someone can help here. In Feb 2021 my parents gifted me their home. The have continued to live in the property since, rent free. They have life rent on the title deeds. I own my own home (purchased Aug 2020). This year I am paying for an extention to ... Continue Reading
A relative has both monthly pension and investment income, and a discounted gift trust bond paying out monthly. As she is well funded beyond her current needs she also gifts regularly to family members. To my understanding the aforementioned bond receipts are ... Continue Reading
The freeholder of the block I live in consented to allow one of the leaseholders to construct some storage units in a communal area (previously unused). Each leaseholder in the block was provisionally allocated one storage unit each. The leaseholder who built ... Continue Reading
I use HMRCs online Non Residents Capital Gains Tax Calculator every now and again and see what the potential tax might be if I was to sell my UK rental property, which I also lived in for a while. I've noticed a change since the last time I used it, Before it ... Continue Reading
Hi all. I am a higher rate taxpayer resident in England. My husband is a basic rate taxpayer. I own a residential property in Edinburgh, Scotland, solely in my name with no mortgage, which we are planning to rent out now that we have moved to England for the time ... Continue Reading
Hi there Can i please ask what the CGT as a percentage is on a house that has been placed in a Trust if 1: the Trust pays the tax 2: the beneficiaries pay the tax after a deed of appropriation. Some beneficiaries higher rate and some base rate . Is it 24% ... Continue Reading
