Selling old home versus investment

KeepOnKnitting

Looks like a magic wand for tax hasn't appeared in the last two months here. You might have to either pay a clever tax accountant to find a solution, or (Shock! Horror! ) contribute to public services in the country you are making a tidy income in. Public services that allow you to charge the rent as there are roads and schools and hospitals and suchlike near your rental property making it worth renting. :beer:

AnotherJoe

flopsy1973 wrote: »

There is a 25% premium on second homes in Wales from what I can see.
If I transfer to brother it would be purely in name he would not touch the money in it
I have lived in the house a few years back it was my home
So any tax experts know of any ways round this ?

How would you make him not liable for income tax on the rent ? how would you recompense him for the lost FTB benefits if he buys a house ina few years time? If he gets into financial difficulties how would you prevent his debtors "touching the money" in it?
If you lived in the house for a few years that lowers CGT. There's a calculator on the web you can use to determine what it woudl be it's down to how long you lived in it and how long you let it out for.