Articles by David Wesley-Yates

Do I have to pay tax in the UK on a pension that has been taxed in Norway?

Sunday, 16 December 2018 | Question and Answer

You must pay tax on pensions if you’re resident or were resident in the UK in any of the five previous tax years.

Will HMRC find out if I fail to declare the tax I owe?

Friday, 30 November 2018 | Question and Answer

You may have to pay CGT if you make a gain when you sell or transfer property that is not your main home. This applies to a sale or transfer of a second property to your son.

Can I give my children cash without them having to pay IHT?

Tuesday, 27 November 2018 | Question and Answer

If the value of your estate – including these gifts – are beneath the nil-rate band, there is no tax to pay.

Can I gift my wife £30,000 without owing HMRC any money?

Tuesday, 30 October 2018 | Question and Answer

One of our experts answers a reader's question

If I transfer a property to my sister without payment, will we still be liable for stamp duty?

Friday, 14 September 2018 | Question and Answer

If you and your sister decide that she is going to take over ownership of the property, then she will have to pay Stamp Duty Land Tax (SDLT) if the value of your half that you are giving to her is more than £125,000.

Will claiming state and final salary pensions when I’m 65 affect my money purchase annual allowance?

Wednesday, 12 September 2018 | Question and Answer

Sometimes it’s possible to keep paying into your pension even after you take money out of a pot – but you may have to pay tax on contributions of over £4,000 a year.

I’m giving my late husband’s property to my daughter. Will she pay CGT if she sells it?

Tuesday, 03 July 2018 | Question and Answer

Because you are receiving the property from the estate of your late husband, it would be free of Inheritance Tax (IHT) at the market value on the date of transfer.

I have foreign investments taxed at source and want to avoid being taxed twice

Friday, 29 June 2018 | Question and Answer

We all get an allowance that allows us to earn up to £2,000 a year in dividends before tax is due.

Is tax payable on money my parents give to their children?

Friday, 22 June 2018 | Question and Answer

What and how much your parents wish to give their children is completely up to them. But whenever money is given away, it is important to plan the gift to ensure it is tax free.

Can my husband transfer a property to me to help us save on taxes?

Friday, 15 June 2018 | Question and Answer

You can gift the beneficial ownership of a property from one spouse to another so that the rental income can be taxed on the spouse whose taxable income is lower.