Debbie Franklin

Unfortunately until the holiday or reduction (if any) is announced we would all just be speculating.

If not in the same ownership before sale then this may be relevant https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm29930

I would have thought the leaseholds were subsumed into the freehold as all owned by the same person(s) and therefore the leases ceased to exist as such?

And holdover relief only available on trading company shares, although there is a way to do it via a trust. You really need to seek proper advice.

This only works for gifts after your child turns 18, it is ineffective before (generally speaking) in addition, BTL lenders tend to blow a gasket if there are shareholders who are under 21.

they could and yes it was a typo you really do need to take advice from your accountant that is specific to your situation

if property in an SUV then mortgage needs to be in the name of the spv

you can amend your 18.19 return any time up to 31 January 2021 and shouldn't cause any issues to do so in fact if wrong you should amend it

1. If you add her before the remortgage via a declaration of trust the consideration for SDLT would be 50% of £70k which is below the £40k threshold. 2. See above 3. Her 50% would be the increase in value from date of gift by you. Your 50% will be half of original cost with some private residence relief. The gift now should be covered by ppr as you have only recently moved out. 4. You each calculate your share separately. Deb

then you should be fine as long as you don't sell the garden after the house

Both of those fine if the total is less than 1.1 acres. Deb

They are incorrect.

If you got married first your second question could work!

Sell the cheaper house to a limited company first Deb

You could do a sale and leaseback arrangement and transfer the freehold reversion out to you personally to avoid the need for another company?

It would be a part disposal based on the a/a+b formula (you can probably google that) and unfortunately would be at residential rates being the interest in land subsisted for the benefit of land that consisted of or included a dwelling at any time

If you sell the garden after the house you will get no ppr relief at all following the Varty v Lynes case. If you develop the house and move in, you will only get partial ppr on that sale for the time you live in the house compared to the whole period you have owned the land following the Henke case. Deb

If you will owe the money then you can claim 50% of the cost. If you use the cash basis you cannot claim it until you pay it.

No the fact that the property has not yet been let makes no difference.

You need to have lived in it within the 3 years up to date of sale

If you are deemed connected to the company you would face an SDLT charge to transfer the property to it of £23,600 plus conveyance and refinance costs. Suspect you would not be considered a partnership currently to escape this.

Whether the tenant has move in is irrelevant to whether the expenditure is, in fact, capital or revenue.

Training to enhance existing knowledge is allowable, training to gain a brand new skill is not.

He would claim the 75% as he has incurred the expenditure unless you agree to reimburse him 25%

No SDLT if you do a deed of variation in favour of the company.