Capital gains tax taper relief

silvercar

close to the wire or what!

If there was no mortgage I would say you have time, with a mortgage I honestly don't know.

Phone a solicitor on Tuesday morning and enquire if they can do it in time. It is only a question of doing it by 5 April, the land registry notification can follow.

Anon

Still possible apparently but will have to be quick!

Having looked at this thread: http://forums.moneysavingexpert.com/showthread.html?t=679155&highlight=tr1

To change the register (where no mortgage) I would need to complete TR1 form (land registry) and send with an AP1, plus a SDLT60 (HMRC - transfer with no stamp duty).

This is correct. Seems straightforward and no need for a solicitor (though numpty question - first box on TR1 you apparently complete:

It is certified that this instrument falls within category L in the Schedule to the Stamp Duty (Exempt Instruments) Regulations 1987

According to Land Registry, you would also need to complete an ID1 form and have the forms witnessed by a solicitor (may be a charge) or go to one of their offices with proof of identity (some new anti-fraud measure).

Many thanks

Anon

Anon

I have edited the above post to reflect the advice I have been given by Land Registry. One final question if I may please - if I have Executed the deed for change of ownership (TR1), completed AP1, SDLT60 and ID1, according to Land Registry the transfer has effectively now taken place (happens legally on Execution) and you could actually register this with them weeks later. However, given the CGT tax implications, is this safe advice?

Also, is there anything else that needs completing to "lock in" the indexation, as nowhere on any of the forms has it asked for the price paid originally, indexation or current value (apart from AC1 for working out the fee payable where you can give an estimate of current value if you haven't recently had it valued - but I understand that does not go to HMRC).

Many thanks

Anon

Anon

Anon wrote: »

Also, is there anything else that needs completing to "lock in" the indexation, as nowhere on any of the forms has it asked for the price paid originally, indexation or current value (apart from AC1 for working out the fee payable where you can give an estimate of current value if you haven't recently had it valued - but I understand that does not go to HMRC).

I wondered if anyone had any advice on the above please in relation to locking in the indexation that was applicable up to April this year?

Many thanks

Anon