Reply to the comment left by Neil Patterson at 11/09/2025 - 09:48Why would you pay CGT on a deceased’s main home being sold out of the estate, regardless of changes in value?
It is below IHT figure even with the up dated value, so you are stressing over nothing. As it was your mothers main home there is no CGT to Pay provided it is sold out of the estate ownership and...
Reply to the comment left by Steven F at 31/01/2025 - 09:41I am a landlady in Wales which has had stricter regulations, licensing etc than England for some years. My properties have been mortgage free for many years. I only...
The Will is the legal instrument here, along with the Deed ov Variation of the Will, nothing else, and she is in essence a remainder man (life tenant). The property passes to you on her death or being moved into...
Reply to the comment left by Tessa Shepperson at 14/08/2024 - 09:29Many thanks Tessa, when I return from holiday I will use one of your agreements. The information provided was useful and confirmed what I thought. I will be having...
Reply to the comment left by Cider Drinker at 14/08/2024 - 09:19Thank you. This is, as stated my main residence and as also stated they would have access to the lounge, kitchen etc so sharing.
I have a tenant who has been paying 12m upfront for 7 years with no problem. It is paid around 20 April each year and included in the relevant tax return relating to that year.
Reply to the comment left by Judith Wordsworth at 25/08/2023 - 14:23DWP do not hold next of kin details. They would only have a 3rd party detail if that party was the Appointee, Attorney or Court of Protection deputy. As...
Reply to the comment left by John Ireland Legacy Wills at 27/03/2023 - 12:42Just to clear something up - The poster commented that the landlord had lost mental capacity. Therefore the donor cannot sign any power of attorney (which these...
Reply to the comment left by Seething Landlord at 18/11/2022 - 12:50Thanks Seething L. On reflection I think you are right. The tax return on reflection gives you the opportunity to claim £1k or expenses (which includes repairs etc). As...
Reply to the comment left by Mark Alexander at 21/05/2022 - 23:25Thanks Mark for confirming it can be done, but as she has no existing property (so no land transaction tax) and half the value would under the LTT limit...
As the original poster and a single person, just another thought that entered my head. If I sell half of a mortgage free rental property to a non relative for cash, less the allowed deductions, then I can use this...
Reply to the comment left by Simon Lever at 16/05/2022 - 11:20Thank you,sadly never lived in the house. I did see an Accountant but I think I knew more than him and was asking on here to check I had...
Reply to the comment left by Dylan Morris at 12/05/2022 - 13:00On reading the PIM 2030 as the property was dilapidated and had no kitchen/bathroom/heating and was under valued, then it would be treated as capital expenditure is my understanding...
Reply to the comment left by Mark Alexander at 12/05/2022 - 13:05On reading the PIM 2030, I think my expenditure originally on top of the purchase price of the building was capital expenditure. The property was dilapidated and re-possessed and...
My brother bought an 8 flat property in late 2019 and his local Welsh Council sent out someone to meet him there and after checking he was given 12 exemptions on all flats until building work completed. Each council can...
As your tenant had a court of protection order on him, via a solicitor appointed as his deputy by tgat court then you should have written to the Office of the PUblic Guardian (who oversee court appointed deputies) to complain...
Reply to comment left by Mark Olley at 11/09/2025 - 12:12
No there isn’t as it was main residence. I’ve just done my aunts estate in same circumstances and no cgt
Read More →Reply to comment left by Mark Olley at 11/09/2025 - 11:20
Because you don’t have to🙄
Read More →Reply to comment left by Neil Patterson at 11/09/2025 - 09:48
Reply to the comment left by Neil Patterson at 11/09/2025 - 09:48Why would you pay CGT on a deceased’s main home being sold out of the estate, regardless of changes in value?
Read More →11th September 2025, 7 months ago
It is below IHT figure even with the up dated value, so you are stressing over nothing. As it was your mothers main home there is no CGT to Pay provided it is sold out of the estate ownership and...
Read More →Reply to comment left by Steven F at 31/01/2025 - 09:41
Reply to the comment left by Steven F at 31/01/2025 - 09:41I am a landlady in Wales which has had stricter regulations, licensing etc than England for some years. My properties have been mortgage free for many years. I only...
Read More →22nd January 2025, 1 year ago
The Will is the legal instrument here, along with the Deed ov Variation of the Will, nothing else, and she is in essence a remainder man (life tenant). The property passes to you on her death or being moved into...
Read More →Reply to comment left by Tessa Shepperson at 14/08/2024 - 09:29
Reply to the comment left by Tessa Shepperson at 14/08/2024 - 09:29Many thanks Tessa, when I return from holiday I will use one of your agreements. The information provided was useful and confirmed what I thought. I will be having...
Read More →Reply to comment left by Simon Gear at 14/08/2024 - 09:19
Reply to the comment left by Cider Drinker at 14/08/2024 - 09:19Thank you. This is, as stated my main residence and as also stated they would have access to the lounge, kitchen etc so sharing.
Read More →16th October 2023, 2 years ago
I have a tenant who has been paying 12m upfront for 7 years with no problem. It is paid around 20 April each year and included in the relevant tax return relating to that year.
Read More →Reply to comment left by Judith Wordsworth at 25/08/2023 - 14:23
Reply to the comment left by Judith Wordsworth at 25/08/2023 - 14:23DWP do not hold next of kin details. They would only have a 3rd party detail if that party was the Appointee, Attorney or Court of Protection deputy. As...
Read More →Reply to comment left by John Ireland at 27/03/2023 - 12:42
Reply to the comment left by John Ireland Legacy Wills at 27/03/2023 - 12:42Just to clear something up - The poster commented that the landlord had lost mental capacity. Therefore the donor cannot sign any power of attorney (which these...
Read More →Reply to comment left by David Heal at 18/11/2022 - 12:50
Reply to the comment left by Seething Landlord at 18/11/2022 - 12:50Thanks Seething L. On reflection I think you are right. The tax return on reflection gives you the opportunity to claim £1k or expenses (which includes repairs etc). As...
Read More →Reply to comment left by Mark Alexander at 21/05/2022 - 23:25
Reply to the comment left by Mark Alexander at 21/05/2022 - 23:25Thanks Mark for confirming it can be done, but as she has no existing property (so no land transaction tax) and half the value would under the LTT limit...
Read More →21st May 2022, 4 years ago
As the original poster and a single person, just another thought that entered my head. If I sell half of a mortgage free rental property to a non relative for cash, less the allowed deductions, then I can use this...
Read More →Reply to comment left by Simon Lever at 16/05/2022 - 11:20
Reply to the comment left by Simon Lever at 16/05/2022 - 11:20Thank you,sadly never lived in the house. I did see an Accountant but I think I knew more than him and was asking on here to check I had...
Read More →Reply to comment left by Dylan Morris at 12/05/2022 - 13:00
Reply to the comment left by Dylan Morris at 12/05/2022 - 13:00On reading the PIM 2030 as the property was dilapidated and had no kitchen/bathroom/heating and was under valued, then it would be treated as capital expenditure is my understanding...
Read More →Reply to comment left by Mark Alexander at 12/05/2022 - 13:05
Reply to the comment left by Mark Alexander at 12/05/2022 - 13:05On reading the PIM 2030, I think my expenditure originally on top of the purchase price of the building was capital expenditure. The property was dilapidated and re-possessed and...
Read More →10th May 2022, 4 years ago
Many thanks to you all for the info - very helpful
Read More →30th January 2022, 4 years ago
My brother bought an 8 flat property in late 2019 and his local Welsh Council sent out someone to meet him there and after checking he was given 12 exemptions on all flats until building work completed. Each council can...
Read More →17th August 2021, 5 years ago
As your tenant had a court of protection order on him, via a solicitor appointed as his deputy by tgat court then you should have written to the Office of the PUblic Guardian (who oversee court appointed deputies) to complain...
Read More →Showing 20 of 73 comments