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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,904
Posts838,088
Members9,635
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Most Online1,063
Jun 14th, 2026
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Joined: Mar 2009
Posts: 3,828 Likes: 69
Talk Morgan Addict
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Talk Morgan Addict
Joined: Mar 2009
Posts: 3,828 Likes: 69 |
I think if you transfer a second property to anyone you become liable for capital gains and/or inheritance tax.
Could cost alot more than the rates bill...
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Joined: Apr 2008
Posts: 12,265 Likes: 321
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 12,265 Likes: 321 |
their build quality is pretty poor . Look on the bright side, it's lead to the creation of a whole new profession of 'Snagging Consultant' so you can make sure everything is fixed whilst it's still under guarantee.
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Jul 2007
Posts: 28,911 Likes: 354
Salty Sea Dog Member of the Inner Circle
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Salty Sea Dog Member of the Inner Circle
Joined: Jul 2007
Posts: 28,911 Likes: 354 |
Ahh days of old, oh god, take me out and shoot me now.... Not a good move - you'll miss the cider and museums trip!   
Graham (G4FUJ)
Sold L44FOR 4/4 Giallo Fly
'11 MINI Countryman Cooper D All4
'90 LR 90 SW
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Joined: Aug 2020
Posts: 3,880 Likes: 402
Talk Morgan Addict
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Talk Morgan Addict
Joined: Aug 2020
Posts: 3,880 Likes: 402 |
The doubling of Council tax is certainly having an impact in some areas - lots of second home owner property on the market in Somerset and to a degree in Dorset. By putting it on the market they get normal rates for a year. I guess it is having the desired effect for some Councils.- freeing up houses for locals ?
However like most government/Local council actions people can find a way round (not going to say friends) who have ‘transferred ownership’ to a son and a couple who decoupled (aka separated, registered on the electoral register and got round it !!
Best regards MM
PS Trust everyone is enjoying top down weather. I think you can get around it by registering your second home as a business and therefore business rate and any respective relief, but you have to rent for a minimum of 60 days a year...... Making a lifetime gift of your interest in your house between husband and wife is tax free.
Last edited by JohnHarris; 16/05/25 09:02 PM.
22 Plus Four KIMI
12 Plus 4 Sport OZZY
08 Roadster FELIX
06 4/4 70th LOKI
77 4/4 SEAMUS
85 4/4 MOLLY
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