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Posted Sun, 31 Mar 2024 23:44:43 GMT by CheMey
Thank you, so what else treated as the costs to be deducted for calculate gain or loss? Costs on improving the conditions of property in order to make it sellable? estate agents fees, solicitor fees, government fees paid abroad…etc?
Posted Thu, 04 Apr 2024 17:50:51 GMT by HMRC Admin 25
Hi CheMey,
Please refer to the individual pages within:
CG15150P - Capital Gains manual: introduction and computation: computation: expenditure: contents
Thank you. 
Posted Fri, 05 Apr 2024 08:02:40 GMT by Andrew Skinner
Hello, If i wanted to give a relative some money from my personal account in India, would this be subject to any taxes. I am a UK resident and so is my relative. Is their a limit or a cap on what you can or cannot do? Would their be any restrictions on them e.g. would they need to pay tax on any interest from it. Many thanks.
Posted Mon, 15 Apr 2024 13:24:46 GMT by HMRC Admin 19

There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you.
Posted Sat, 20 Apr 2024 16:42:28 GMT by Amar Gupta
Hi, My parents who live in India are selling some land to a buyer who lives in the Middle East. They wish to gift the proceeds of the sale to me. Rather than get paid into their Indian bank account and then transfer the money to me in the UK, could the buyer transfer the required sum directly from his bank in the Middle East to my account in the UK, thereby reducing an unnecessary transfer in between? Would this still be considered as a gift from my parents? My parents are prepared to provide a letter to confirm these arrangements. Kind Regards
Posted Fri, 26 Apr 2024 06:30:45 GMT by HMRC Admin 25
Hi Amar Gupta,
Yes, as long as your parents send confirmation.
Thank you. 

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