Jump to content

Search the Community

Showing results for tags 'hmrc'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • BuildHub Guide: Information about the site : Introduce Yourself
    • About BuildHub.org.uk
    • Introduce Yourself
  • Build Design, Planning, Finance and Legal
    • Building Plots, Land & Renovation Properties
    • Design & Architecture
    • Funding, Finance & Tax
    • Insurance, Legal and Warranties
  • House Construction & Structural Issues
    • House Construction
    • Conversions & Extensions
    • Roofing & Lofts
    • Structural Works, Foundations & Demolition
    • Insulation & Ventilation
    • Landscaping & Outdoor Buildings
    • Damp & Infestation
  • Building Trades
    • Plumbing & Heating
    • Bricklaying, Plastering, Concrete, Blocks & Rendering
    • Joinery, Windows & Doors
    • Floors & Flooring
    • Electrics, Lighting & Home Security
    • Decorating & Tiling
    • Kitchens & Bathrooms
    • Building Materials
  • Environmental, Alternative & Green Building Methods
    • Designing Energy Efficient & Sustainable Homes
    • Renewable Home Energy Generation
    • Research & Information Sources
    • Environmental Building Politics
    • Boffin's Corner
  • Self Build & DIY: General
    • General Self Build & DIY Discussion
    • Housing Politics
    • Property TV Programmes
    • Tools & Equipment
  • Self Build Regional Groups
    • UK
    • Europe

Blogs

  • Salamander Cottage
  • The House At Mill Orchard
  • An Orkney Build (in ICF)
  • The House at the Bottom of the Garden
  • Hawthorn House
  • Rose Lane re-build
  • East Kent Self Build
  • Wee Hoose on the Croft
  • God is in the Details
  • Tennentslager
  • Kentish RenoExtension
  • Scooby Cottage renovation.
  • The Seasalter Sharp House
  • sussexlogs
  • Sips and stones may break my bones...
  • Our Journey North of the Border
  • Construction in Cornwall
  • The Fun Irish (House)
  • A house! A house! My kingdom for a house!
  • South Devon Self Build
  • Lucy Murray
  • Coffee Towers
  • caliwag
  • caliwag
  • Blackmore House
  • A woodland house
  • Druim nan Darach
  • Escarpment to the countryside
  • Recoveringbuilder
  • Netherwood lakes
  • Kingseat
  • Mr and Mrs Triassics New Home
  • Yaffles
  • Wedding Cake Re-build
  • Clancutt Lodge
  • Self-Build in Shropshire
  • South coast ICF build
  • 5 (2 adults, 3 dogs) go building in Dorset
  • Hillcroft
  • Self Build NE Scotland
  • Timber Portal Frame - but stick built
  • Self Building two in North Wiltshire
  • 1970s Chalet-style house renovation
  • Under the Chestnut Tree
  • The Larch House
  • Building in a woodland on the Isle of Wight
  • Back on the self-build waggon...
  • Gardening in the Lockdown
  • The BuildHub Gardening Blog
  • West Sussex Forever Home
  • Testing
  • Canalside Bungalow Renovation
  • Holywood Passive ICF Build
  • Finchampstead Passivhaus
  • Albaston self-build
  • Little Stud Barn
  • South East Cornwall Low Energy build
  • Scottish SIPS build
  • Gus Potter
  • Garden Escape
  • error
  • ASHP, MVHR, PV and EV combo
  • The Windy Roost
  • Wind! Yes I know but....
  • Big Bungalow Build!
  • A Rainfuel project
  • Making a cheap electrical energy meter
  • Rainwater Harvesting
  • Lessons from the road...
  • Dragons in the North
  • Surrey self build
  • The Old Cow Shed
  • Major extension and eco renovation in Leicestershire
  • Canski
  • Canski
  • Deep refurb and extension
  • Bog Lane Former Water Works
  • Renovation of Ellesmere Bungalow.
  • Energy

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Location

Found 2 results

  1. We have tried to reclaim vat on our self build, submitted all the paperwork and receipts but we have been refused. The problem being we had added a toilet and shower into a roof void space that was not on the original planning drawings, even though we made no alterations to the exterior of the build and building control approved it and signed it all off, we've been told by hmrc we have built unlawfully. Anyone else been refused like this?
  2. Hi All, I’m currently looking to have some land (garden) gifted to me by my father from his current primary residence. I’ve been advised there are some tax considerations especially as i’m deciding whether to complete the transfer of land before or after I obtain planning permission for it. I am looking to get professional tax advice but wanted to get opinions before-hand. The three taxes i’m aware of are: Capital Gains Tax – I imagine this applies because the land is no longer part of the primary residence once it is split and gifted. However my father is retired, so I’m not sure what % bracket for CGT he will fall in. Inheritance Tax – Shouldn’t apply to me if my father survives more than seven years after the gift Stamp Duty – shouldn’t apply to me as house is free from mortgage Questions: Would my father have to pay CGT based on the information above? If we eligible for gift relief and I want to sell the new-build property, will I pay CGT even if it has then become my primary residence? The CGT on the gain (once I build a house) will be enormous as the land with a property on it will value considerably more. If I transfer the land pre-planning (lower value = less CGT), then find out I can’t get planning permission and want to transfer the land back, are there any tax implications to me/father? The land in theory goes back into his primary residence. How does HMRC view ‘value’ of land and the gain? i.e. originally my father paid 80k for the whole property but the gifted land is only the garden portion of the property and may be worth around the 50-90k now on its own. HMRC requires valuation from a professional surveyor only? When dealing with the splitting and transfer of land, should a solicitor deal with HMRC for tax? Or will this need to be a separate process my father and I will need to do ourselves? Many thanks for any help you provide!
×
×
  • Create New...