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Showing results for tags 'tax help'.
----------- Context -------- I have a BTL property owner jointly under me and my wife's name. We both are high rate tax payers and thus paying considerable amount of Tax on the rental income. We want to 1) Take out equity from this property to invest in future purchases. We have almost 40% equity currently 2) Move the property into some sort of Company structure when we remortgage it in end of April 2021(Hoping that the SDLT relief will be extended). As the early payment-charge on existing mortgage deal make it impractical to purchase through company currently. 3) We
Please help: Cladding prisoner looking for cost effective way to move house! Background: Currently I own a flat (Leasehold) in East London and live there with my partner and our 8month old son. It was purchased off plan in 2015 and we have lived in it since construction was completed. Last year we tried to do an equity release on the flat to fund an onward purchase and were told by the lender they couldn’t do this without an EWS1 form. We lobbied our Freeholder (Peabody) and 8 months later the block recently had a Fire Safety inspection for an EWS1 Form and received a B2 rating, mean
Hi all, I have a very extremely quick question:- I am going to flip a house this year (own a residential one) I am wondering when I sell and get charged Capital Gain tax, will I then have to pay income tax after that again? I earn £25,000 per annum so quite confused on this Any answer would be appreciated Thanks Ashley From Wales