We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Revisitting the ADS question!
GDubh
Posts: 4 Newbie
Hi,
I posted a while ago about my situation regarding ADS and got some good advice. In the meantime our plans / situation has changed and it has left us once again completely unsure of our tax liabilities, really hoping someone can shed some light on it!
So I own a property that I let out. I've owned this for around 12 years and it's been let out for around 6 of those. We live in my partners house and that is a part buy / part rent that she owns a 25% share of. We are now intending to but this property outright from the Housing Association and everything is in motion to do this. I was under the impression from looking into this a few months ago (when intending to buy a new property and sell the part buy) that we would be exempt from the tax but it's not so clear that I want to make that assumption!
Many thanks for any help,
Gavin
I posted a while ago about my situation regarding ADS and got some good advice. In the meantime our plans / situation has changed and it has left us once again completely unsure of our tax liabilities, really hoping someone can shed some light on it!
So I own a property that I let out. I've owned this for around 12 years and it's been let out for around 6 of those. We live in my partners house and that is a part buy / part rent that she owns a 25% share of. We are now intending to but this property outright from the Housing Association and everything is in motion to do this. I was under the impression from looking into this a few months ago (when intending to buy a new property and sell the part buy) that we would be exempt from the tax but it's not so clear that I want to make that assumption!
Many thanks for any help,
Gavin
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards