I also plan to put the rental into trust for my son when he turns 18, but I am confused about the levyQ I am really confused about capital gains tax. I’ve just put an offer on a second house, in which I plan to live. I also plan to release equity from …
Can I use my Australian property to increase the money available for a UK deposit?
I want to buy a flat or small house, have £55,000 in savings but the price of housing in Bristol is highQ I own properties in Australia. That in itself is complicated as they are owned jointly with my brother but once I can visit Australia after the pa…
What are the tax and mortgage implications if I buy a flat with my son?
I would pay a £100,000 deposit and want to own two-fifths and leave my share to him in my willQ My 30-year-old son is paying so much in rent that he is struggling to save a big enough deposit to buy his first flat. I have some spare cash and am happy t…
Do I have to pay capital gains tax when I sell my flat because I had two lodgers?
I have rented out two rooms in my property for several years and the mortgage is paid offQ I’ve been renting out two rooms in my flat in Devon for several years but am now thinking of selling it. The rent has always been below the rent-a-room threshold…
Should I downsize or not and what’s best in regard to my £70,000 mortgage?
All my cash is tied up in the house but I could buy a cheaper one as I want to live a little before retiringQ I am a 56-year-old man with nine years left on my £70,000 mortgage. The mortgage is split so that £20,000 is on a repayment basis and the rema…