Registered with Property118.com
10th January 2020
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Total Comments
102
Registered with Property118.com
10th January 2020
Total Posts
0
Total Comments
102
Reply to comment left by Richard Dean at 17/02/2026 - 11:13
Reply to the comment left by Richard Dean at 17/02/2026 - 11:13Partnerships not yet included only because the dimwits/IT system at HMRC is not fit for purpose.
Read More →Reply to comment left by Craig Ward at 17/02/2026 - 09:42
Reply to the comment left by Suicide Jockey at 17/02/2026 - 09:42It was a Tory idea. Wait until quarterly tax payment comes into force - it is the logical outcome.
Read More →Reply to comment left by Puzzler Puzzler at 14/09/2025 - 13:00
It all depends if the property value has been ascertained for IHT purposes. https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm09241
Read More →15th September 2025, 7 months ago
A capital gain is a gain on capital, and is thereofre not income, so will have no impact on the child benefit threshold. See https://www.gov.uk/child-benefit-tax-charge
Read More →Reply to comment left by Mark Olley at 11/09/2025 - 16:53
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg65460
Read More →11th September 2025, 7 months ago
PRR is only available for Executors when the house was the main residence of at least one individual immediately before and immediately after the death. The individual(s) must also be entitled to at least 75% of the sale proceeds, whether...
Read More →Reply to comment left by jackie highfield at 11/09/2025 - 11:47
Of course you do. The estate is its own entity, and the fact that it was someone's home is irrelevant. If the sale proceeds are greater than the probate value there is a potential for CGT on the estate at...
Read More →Reply to comment left by jackie highfield at 11/09/2025 - 10:44
Why wouldn't you?
Read More →Reply to comment left by Jason English at 16/10/2024 - 10:05
Re point 3 - watch that change in the budget!
Read More →19th March 2024, 2 years ago
A deed of variation will mean the property bypasses your son, and goes to a body corporate which is not a lineal descendent. You don't mention of this was the deceased's home or not, if it were there will be...
Read More →28th February 2024, 2 years ago
“My husband already owned his own home independently. We mutually decided to maintain our existing residences to reflect our circumstances." For CGT purposes a husband and wife can't nominate different homes as their main residence.
Read More →25th January 2024, 2 years ago
And an FHL business is subject to VAT.
Read More →Reply to comment left by Susan Bradley at 04/10/2023 - 10:53
And there is no time limit. The Ingenious Films case which relates to 2003/04 loss relief is only now being settled. Thats 19 years of interest due to HMRC.
Read More →3rd October 2023, 3 years ago
Surely all they have done is to confirm your opinion?
Read More →1st October 2023, 3 years ago
It's all very well to say that there have been 20 bespoke enquities by HMRC, but that doesn't prevent "discovery enquiries" at a later date.
Read More →24th August 2023, 3 years ago
I would say it is hardly worth bothering about. You have said that you may only be there for 3 months, that is nothing compared to the nearly 13 Years it has been let.
Read More →14th June 2023, 3 years ago
The BoE is not a lender in the traditional sense, so what make vey little by increasing interest rates.
Read More →Reply to comment left by Umar Dhami at 25/05/2023 - 17:58
Reply to the comment left by Umar Dhami at 25/05/2023 - 17:58Try the Nationwide Home Price website. https://www.nationwide.co.uk/house-price-index/
Read More →5th January 2023, 3 years ago
Now I am confused! Compare and contrast this headline with another one also printed today on same website. "Rental market remains steady with high demand"
Read More →Reply to comment left by Bryan Stevens at 23/12/2022 - 10:37
Reply to the comment left by Gone Fishing at 23/12/2022 - 10:37Isn't the whole point of this site that everyone benefits from the answers?
Read More →Showing 20 of 102 comments