{"id":122087,"date":"2021-09-20T13:00:05","date_gmt":"2021-09-20T06:00:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-father-wants-to-give-me-his-parking-space-would-i-owe-capital-gains-tax\/"},"modified":"2021-09-20T14:08:26","modified_gmt":"2021-09-20T07:08:26","slug":"my-father-wants-to-give-me-his-parking-space-would-i-owe-capital-gains-tax","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-father-wants-to-give-me-his-parking-space-would-i-owe-capital-gains-tax\/","title":{"rendered":"My father wants to give me his parking space. Would I owe capital gains tax?"},"content":{"rendered":"


\nMy dad bought it from the developer he bought his home off but they are on separate deedsQ My father is thinking of giving me the parking space he owns near his home but wants to know if capital gains tax has to be paid.Although it was bought in the same year as his home \u2013 and from the same developer \u2013 it was optional and there is one deed for the property and one deed for the parking space. Continue reading…
\n
\nSource : theguardian.com
\nRead more…My father wants to give me his parking space. Would I owe capital gains tax?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My dad bought it from the developer he bought his home off but they are...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122087","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vL9","jetpack-related-posts":[{"id":846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-calculate-capital-gains-tax-when-selling-a-home-you-no-longer-live-in\/","url_meta":{"origin":122087,"position":0},"title":"How to calculate capital gains tax when selling a home you no longer live in","date":"February 12, 2014","format":false,"excerpt":"\r A reader has rented out her flat for six years. Now that she has sold it, what does she owe in capital gains tax?Q I bought my flat in 2005 for \u00a3280,000, lived in it for one year, then moved in with my boyfriend and rented my flat out.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-moving-to-scotland-from-england-affect-capital-gains-tax-on-properties\/","url_meta":{"origin":122087,"position":1},"title":"Does moving to Scotland from England affect capital gains tax on properties?","date":"August 22, 2022","format":false,"excerpt":"\r I am struggling to find advice for how my relocation will affect tax on my rented property bought with gifted moneyQ I have a problem over what to do with a property in south-east England, which I bought outright for \u00a3190,000 at the end of 2014. Almost all the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":177,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-to-sell-a-flat-thats-rented-out-how-much-capital-gains-tax-will-i-pay\/","url_meta":{"origin":122087,"position":2},"title":"I have to sell a flat that's rented out \u2013 how much capital gains tax will I pay?","date":"November 19, 2015","format":false,"excerpt":"\r I am wondering if I would avoid the tax if I moved back into the flat and made it my main home until it sold Q I bought my flat for \u00a344,000 in February 1997 and lived there alone until February 2011. My girlfriend and I then bought and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129861,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-father-was-fined-for-parking-in-a-reserved-space-for-which-he-had-paid-2000\/","url_meta":{"origin":122087,"position":3},"title":"My father was fined for parking in a reserved space for which he had paid \u00a32,000","date":"September 21, 2022","format":false,"excerpt":"\r On the reservation agreement the parking is circled and he was given a key fob to access itIn 2021 my elderly parents bought a flat in a new development by Martin Oppenheimer which was being marketed by the estate agent Connells. They paid an extra \u00a32,000 for a parking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127910,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-capital-gains-tax-should-i-pay-on-a-buy-to-let-property\/","url_meta":{"origin":122087,"position":4},"title":"How much capital gains tax should I pay on a buy-to-let property?","date":"July 22, 2022","format":false,"excerpt":"\r A reader says they bought a property with a friend and then bought out his 50% shareQ I hope you can help with my tricky problem! A friend and I bought a buy-to-let property jointly in April 2002 for \u00a352,000 using a 100% interest-only mortgage. By August 2004 the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-plan-to-sell-my-rented-out-property-to-buy-a-dream-home-will-i-have-to-pay-capital-gains-tax\/","url_meta":{"origin":122087,"position":5},"title":"I plan to sell my rented-out property to buy a dream home. Will I have to pay capital gains tax?","date":"December 18, 2023","format":false,"excerpt":"\r I lived in the \u00a3330,000 house before moving in with my partner but may accept \u00a3310,000 for quick saleQ I am in the process of selling a property to buy another and I am a bit confused about whether capital gains tax (CGT) will apply, so I was hoping\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122087"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122087"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}