Taxation
When purchasing a property, consider the amount of stamp duty tax you will need to pay which increases in bands. Also consider any Capital Gains Tax that may be applicable when selling a property. Ask the Professor any questions you have about taxation in relation to moving house.
Question: Is it possible to avoid stamp duty? For example if someone was selling a property to a family member with no chain or mortgage involved, the house, originally bought for 170k and is now valued at 180k
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Question: 1. Do you have to pay capital gains tax if you make a profit selling your home? and 2. Can a relative sell a property cheaply to another relative, and if so, is capital gains tax involved?
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Question: I have recently purchased a property which was extended by the previous owner.
I have been contacted by the VOA office re raising my council tax banding from D to F.
I have done some calculation
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