Ann Sheehan

Registered with Property118.com
Friday 9th June 2017


Latest Comments

Total Number of Property118 Comments: 3

Ann Sheehan

19:55 PM, 12th June 2017, About 5 years ago

SDLT on beneficial transfer to spouse – No mortgage - Want To Utilise Both CGT Annual Exemption Allowances on Sale

Reply to the comment left by "Mark Alexander" at "11/06/2017 - 23:06":

Thanks mark. M

Only want to make use of cgt annual allowance so would only need to transfer 11k of any gain don't we?

Cgt approx 100k and equity about 250k.

Thought we could transfer 40k of the equity so 16% or so of the gain to save the full annual
Allowance, so saving 11k x 28%. Or 3k.

If I made a mistake - apologies.

Ann.... Read More

Ann Sheehan

21:48 PM, 11th June 2017, About 5 years ago

SDLT on beneficial transfer to spouse – No mortgage - Want To Utilise Both CGT Annual Exemption Allowances on Sale

Hi mark.

Sorry for delay. Yes planning to sell just want to make use of both our cgt allowances.

This is my only BTL and if I do get any more will definitely be through a company not a llp.

Thanks... Read More

Ann Sheehan

0:48 AM, 10th June 2017, About 5 years ago

SDLT on beneficial transfer to spouse – No mortgage - Want To Utilise Both CGT Annual Exemption Allowances on Sale

Hi,

I am in a similar position but there is a mortgage. Property value 750k, mortgage, 500k

Can i give a share of the equity away as a gift via a trust deed, does this avoid any stamp duty, and would you be happy to prepare the deed again for £250. NB we are both 40% tax payers just want to use up both our annual allowances.

Thanks

Ann... Read More