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Capitol Gains Tax question
I have a property that I bought in 1986 for £3,000. I lived in it as my main residence until 1997. Since then I have rented it out and paid tax on the rent. I would now like to sell and I expect to get approx £90,000 from the sale. Can anyone tell me how much CTG I will be liable for. Any advice greatly appreciated. Thanks…
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Am i covered under the Imdemnity Insurance
I was wondering if anyone can shed some light on this I moved in to a house last year.Which came with a conservatory. The previous owners had no Fensa certificate to go with this(they said that they had lost this).So they paid out for an Imdemnity insurance to cover this on our behalf.(it was fitted in 2002) Just recently…
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Problem tenants
I am not a buy to let landlord. I own a property that I have let out due to my job taking me two and a half hours away. My tenants have lived there for three months but have not paid the rent on time. They come up with a different story every month for non payment. The rent for this month has still not been paid and they…
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Change of planning consent
I can't really see me doing this, I have neither the drive nor the skills, but there is a rather nice grade II listed church near me for sale. It's been on & off the market for the last three years & is currently on the market advertised as having outline planning consent for conversion to four flats. Now it's not exactly…
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how long to wait for response to my offer ?
Hi all, I'm a first time buyer and wondered what is a reasonable length of time for the estate agent to get back to you with news on your offer. I placed an offer yesterday afternoon but have heard nothing from the agent.
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Planning question
Hello, We are nearing exchange of contracts on a house we are buying , but we have a planning issue. There is a 40 cubic metre extension at the rear of the property which was built in 1998, (the house was built in 1936). We have building regulations and completion certificates for it but no planning permission can be…
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Just had phone call ---feeling a bit concerned!
We are in the process of buying a brand new house and we have put ours in as a part ex.Everything has been going along really smoothly and we are hoping to move in in October ----it is about up to roof stage now!Anyhow, today i got a call from the lady in the sales office(wont say which builder on here!) and she said that…
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Long Stop Date and Equity
Hi, I am in the process of selling my house. The chain is quite long but everyone appears to be doing their thing..ie solicitors, surveys,mortgages etc. I am fortunate in that I am buying a new house which is costing less than what I am selling my current home. However my new house is being used by the builder as the show…
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Rental - Notice obligations when lease expiring
Just wanted to ask a quick question regarding a notice period longer than the remaining time on the lease. As a tenant with an obligatory 2 months notice period, is the full 2 months required if the AST expires in just one month? Ultimately, if not, then it would be necessary to signed a new or extended AST in order to…
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First time renting/househunting guide
It appears that I will have to seriously start house-hunting. This isn't a problem, it's something I've actually been looking forward to but in true Amy-fashion keep thinking, oh, time doesn't matter, it stands still for me! So all I've actually done so far is buy papers once every few weeks to get an idea on prices, (ie.…
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buying/divorce/possible re-posession....
Hi, I am trying to buy a house, the current owner has not been paying hte mortgage. The mortgage company are seaking a reposession. He is going to court to obtain a stay of reposession, that will then give me time to buy. If he doesn't can I go direct to the mortgage company and offer a price? Further complication are (I…
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Land bought from landbanking company
Dear all I bought 2 plots of land from a landbanking company Property Spy 18 months back. The 2 plots are on greenfield land, at the time of purchase we were told that the land prices will increase significantly in 5 -10 yrs of time due to increasing housing demand although a ppc was not guranteed but Property Spy told…
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The actual contract exchange process...
Hi, Does anyone know what the exchange of contracts actually entails? Is it a physical exchange? I am a FTB and my solicitor has everything from me, and the seller's solicitor should have eveything from the seller by tomorrow, but I think our solicitor's are quite a way from each other so I was just wondering what the…
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Renting out my flat
Dear All Please could anyone let me know whether I need to alter my fixed rate mortgage (fixed until 2011) to a BTL mortgage as I am considering renting my flat out for a 6 month duration and renting a house for the same amount of time with the other half. I know that I am liable for paying tax on the profit above a…
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Problem with surveyor
I'm trying to buy a flat in London. The surveyor said he would have my survey ready by last Friday. It is now Tuesday afternoon and I still haven't seen it, despite calling and emailing him repeatedly (he keeps ignoring my calls). It is two weeks since he did the survey and I know from the brief conversation that I had him…
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Landlord selling up
I don't know if anyone can actually give any advice on this, but it'll give me a chance to vent at least. We moved into a rental property nearly six months ago, after our last landlord decided to sell. We signed a six month contract and were planning to renew the tenancy when the first contract ended. A month and a half…
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Capital gains tax allowable expenses
Should have tacked this on to a question I asked yesterday. Does anyone happen to know what the main allowable 'expenses' are for the purposes of reducing CGT liability?
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what now 21days no responce http://forums.moneysavingexpert.com/images/smilies/confus
Hi all If u guys remeber me i had a thread called ladylady being unreasonable a month ago.which ive pasted at the end for anyone who can be asked to read it as it goes on quite a bit Was locking to do a claim agains LL who is saying she is not responsible for the return of my deposit. I got great advice and sent out a…
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Estate agent problem
My son put his house on the market at Easter as his fiancee is expecting a baby soon, and they wanted it all sorted beforehand. Within a couple of weeks he was offered the full asking price and accepted - the purchaser was applying for planning permission for change of use, so he instructed the estate agent to continue…
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Nuisance Neighbours
I have a property which was next to disused shop for 10plus years. The shop has just re-opened recently and as a result it is attracting unsavory visitors. Visitors to the shop are hanging outside either on the pavement or in their cars playing loud music. The street is double yellow lines but they appear to have no regard…
