Відео

Amazing Mam

Hi kimberley, thanks for this one of the the most relevant topics for me. I lived in a property for 9+ years and since February 2022 that is now rented out on a BTL interest only mortgage. We don't have any other property. Is it a good choice to sell this to my recently formed ltd company and how? I am a higher rate tax payer and currently living in a rented property in London. The interest only mortgage has gone up seriously but i am not getting any benefit. Please let me know is it a good idea to sell to my ltd company?

Smart lady

It’s very informative, but missed clarity on, what if we stayed in the current property throughout since we owned it and buying a new property to live in and selling the current property to the Ltd company( we own). Do we have to pay CGT for selling the current property to Ltd company? I believe we are eligible for the Private Residential Relief. Could you please confirm?

What about crewcab tippers as we take rear seats out and use as tool boxes?

Will this affect an older pick up truck say 8-10 years old . And not used for business purposes

Can my builder ask to pay just 5% VAT for materials bought at the builder's merchant? My builder is not VAT registered so he won't be able to charge me any less but can he at least buy materials cheaper for me?

Hi, me and my husband bought a property in 2011 we were planning to have it has our main home but after one year I decided to move back to my first home. He stayed there for another 7 years until he bought his house one his sole name . He transferred the share of the house we bought together to me. I let out the property until July 2022 when I sold my first home and moved there. Me and my husband separated in 20216 when the did was transferred to me but we never divorce. I want to sale this house and move out of Uk. I have an under age child can I transfer the property to him avoid paying so much taxes on the sale of the house? What do you think would be the best move to avoid paying so much taxes. Many thanks I really hope you can help me thanks. Lisa

I have never received a stimulus check or a tax refund in my life I believe my husband has been receiving them against my knowledge

Another great and informative video. Thank you!

This is ridiculous from the govt. Far too complicated and i dont believe it was communicated properly. The whole add 75 or 50 or 25% in rhe box.....too confusing. The calculation should have been done by the system using the full amount. I bet loads of folk got the carry forwards in box 45 all wrong

Dear, I can help you. Let's talk about how to grow your channel. I look forward to hearing from you. I appreciate you and I want to share with you some tips that you can use for your channel. I look forward to hearing from you.

Is this for USA or UK

What if there is a gain between the amount borrowed and the bought price , is this taxable

Shafted AGAIN by the government. This is beyond feasible to stay in the UK.

What is the refund process timeline?

I’m just getting ready to change my pickup, the one I was looking is a Ford raptor its payload is less than a ton but can it still be put down as expenses for my small business? I’m from Northern Ireland are the rules still the same for over here? Thanks

Great video Kimberley, thank you for all the information. I have 2 properties in my LTD comany and I also bought my first main residence back in April 2024. The conveyancer charged me 5% on my main residence as if it was an additional property. They said this was because I already owned a property in my LTD company. I thought buying via a LTD company was classed as a seperate entity. Watching this video, it has made me realise that this was an error. Please could you clarify if I overpaid? Thank you so much.

Say i sold all my properties in my LTD company and there was £1million profits and i wanted all that money in my 'personal' bank account what would be the tax paid on that £1million profit?

If I sell my properties in a limited company and send the money to my personal account do I have to pay tax twice??

Thanks Kimberley! Very helpful video. but I can't understand the HMRC'S form stated " Loss brought forward used against this year's profits: (optional) Help about: UK Property 39 - Loss brought forward used against this year's profit Enter any loss brought forward from earlier years up to the amount in 'Adjusted profit for the year'. This figure must not exceed the 'Adjusted profit for the year' figure. If your brought forward losses are more than your adjusted profit, include the remaining loss available to carry forward to a later year in the 'Any other information for other property income' box." In video, the loss of profits is ￡2000, which used out later. if there is ￡1000 left, should it be filled in here?

You mention at the end of this video another video explaining the full process of claiming your 20% reduction on landlords interest payments but i can't find it 😭... Is there a link to it please? 🙏

Thank you . I am debating if put my property in to ltd company but not sure if it’s good idea since it worth 600k

CA US CANADA? ENGLAND???

What if our profit is £0.00. What happens to the £3,000 interest ive paid, can that be rolled over

What about a five seater van?

Thank you for the advice you have been giving on your videos, they have been a great help. Can you help with a last part of completion.. My wife and I lived in our house from 1971 until 2010 when we moved into my parents house after they died. We rented our former home out until Feb2023 when we sold it. Thanks to your videos I calculated a gain less than the £6000 allowance X2 between my wife and myself. Does this mean we have to complete a CGT return and if so do we need to open a new gateway account even though we already have one each for self assessment, which put us both under the taxable threshold? thank you and I hope this might help others as well. We will not be buying or rented property again.

its 632000 i think

So when filing your actual return, do you do the calculation and enter 20% of the lower of the 3 in box 44 or... do you put total finance costs (your mortgage interest payments) in box 44 and let HMRC calculate it? As also on your return they have your salary, rent received in and non finance costs repairs etc i.e your "property profits".

Thanks for the video , quick question , if a parent decides to give a£300k property to one of their children ( after their spouse has passed away and had a £660k allowance) will the 7 year rule be valid .thanks

Thanks

Great explanation thank you. For residential properties is the interest entered in 'Residential property finance costs' box on the Profit and Loss page?

Thank you❤

Thank you

Hi, would it be worth setting up a Family Investment Company from the outset if our children are 18+ with a view to handing over the reins of the company eventually before we pass away. We would only be interested in the income from the outset and not the capital appreciation. Thanks! Andrew

Can you preface me about the tax regime with which you are trying to comply? Are you advising or consulting Europeans, British citizens, or Americans?

I still don’t really understand what I’d get from using a Bookkeeper. Software like Xero automatically imports all your transactions from you bank account and attempts to automatically categorise as many of those transactions as possible… so then all you need to do is to manually categorise the ones it couldn’t do itself (And quickly check over the ones it did do). If I used a bookkeeper then surely I’d need to provide them with the exact same information that I have to provide to Xero, so does it actually save any time or effort? Thanks for your videos BTW.

For a furnished holiday let, as you have to but a lot of assets such as beds, chairs, sofas, TVs etc just before you start taking bookings, are these items classed as having been bought in the first year of trading and so would they be available to write off with 100% AIAs? If you make a loss in your first year, are the unused capital allowances available to carry forward to set against future profits? Thanks

If i have rental properties and have a interest only mortgage on one of them can i deduct the interest off my rental income

Hi Kimberly, interesting video (as usual). What about a garage that is remote from the property and is sold separately? Thanks.

Quite useful content 👍

Hi, great video. can council tax be claimed on a HMO if it is paid by the landlord through via a limited company ownership?

❤

Thanks for the tips. What are the tax implications if I am leasing my Business property, (Hotel )what are the rules on my income from that property?

Thank you so much, this is a great video. I have liked and subscribed as I think you've just saved me thousands!! I've been completing my tax return on my BTL property for 3 years now and after the section 24 change I had foolishly assumed all mortgage interest could not be expensed (let's blame the media for that one haha). I've just completed this years return and filed it with both this years mortgage interest and last years. Unfortunately I can't find my mortgage statement for 2021/22 year so not confident to put that amount on as well. Could I still deduct that in the 24/25 return if I get hold of it by then? Or is there a time limit?

hi i have just filled out the tax return and am a bit worried that i have done it wrong now. Please can you advise. I have put all other expenses in the right places but then got to the 'Residential property finance costs' part and i put in there the cost of the interest only mortgage payments. Is this correct and will HMRC calc it all for me? or have i done it wrong? TIA

Question here: let's say you work as an employee but you are also a sole trader. Your overall income of both of them combined is obviously taxed. Let's say your overall income is 50k of which you are taxed around 20%. Now that's around 10k in tax. Let's say I bought various pieces of equipment which qualify for AIA, worth a total of 10k. Does that mean that after the tax year I will be refunded 10k? --------------------------- On the same note, if the equipment I bought exceeds 10k, let's say 15k, would I still get back the full 15k or just 10k? Would love to get an explanation cuz it all sounds a little vague and too good to be true.

Just realised you have one video on selling company property.

excellent videos and very useful info,Please suggest any solicitor or contact details

What an excellent video! Thank you Kimberly for breaking this down. I learnt a great deal from your illustration.