For most of 2025/26 (and previous years) I have been safely under the threshold for Marriage Allowance and transferring my wife's allowance to reduce my tax (as the higher earner) [in Feb 2026 my salary was £54,314, but with Smart Pensions, Shares, etc, my Taxable ... Continue Reading
With 3 siblings, I acquired a share of my family home when my father had to go into a care home in 2004. MY siblings each agreed to accept a £21 000 payment for me to buy their share. I then planned to renovate the property (in a very sorry, chilly state) and ... Continue Reading
My client, who is UK resident, sold her Spanish flat last year. I am unsure as to how to treat the Plusvalia Municipal she paid. This is a local tax and, according to the DTA, local taxes on capital can be offset against UK CGT. So far, so good. However, on researching ... Continue Reading
My 92 year old mum has had to move into assisted living as she can no longer cope on her own. We are selling the house so she has money available to live. My question is.... When does she have to pay capital gains tax on the sale of the property, if its not sold, ... Continue Reading
Wr bought a proprerty and used it for our business for 10 years. We then built a flat above it, self build, 20 years ago. We are now selling it. How do we value the buying price? Continue Reading
My brother in law (UK domiciled) bought a ruin in Greece in 1994, restored it and in 2020 because of the risk that it might not pass on to his wife when he died, he transferred it into her ownership, retaining a right to use it for life. This is known as a Usufruct ... Continue Reading
Me and my ex-wife agreed informally (out of court) that I would take our savings and she would keep the apartment. We divorced five years ago. However, my ex-wife has not yet removed my name from the property deed. We also still have a joint mortgage, which she ... Continue Reading
Hello, My wife and I are currently UK tax residents. My wife is a US national. I am British. We jointly own a home in UK. We intend to move to Ireland where we will remit my wife's pension from USA. We will follow the necessary procedure to revoke our UK tax ... Continue Reading
