Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
After the death of our parents, my brother and I inherited a property which we have been renting for almost 30 years and considering selling for as many years. It is still registered to just my brother and I.
We both have families now with two kids each, the youngest soon to turn 16.
Our proposed plan: If the property was reregistered with the land registry in all eight names we could surely use eight times CGT allowances? This would then minimise the CGT liability and reduce it to a manageable amount, spread between 8 of us?
Lastly, we’re all basic rate tax payers.
First question – at what age is a CGT allowance given?
What have I overlooked?
Is there a better way to realise our gains?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More