Amolak Mann

Hi. Thanks for your reply Admin 17. The property in question is not being let out/ has any profit. It is the family home in which the father and son live together. The son obtained the 25% share as tenant in common when the mother passed away. The father now wishes to make it so both parties are 50%(him and his son) tenants in common. What would be the appropriate methods to achieve this? Thanks

Hi. I hope you are well. I would like some advice regarding tenant in common and changing the shares. If one party has a 75% share and the other a 25% I would like to change this share, From looking online it says to fill in form 17 but this only mentions spouse, The relationship between the parties is father and son and not spouse. Can you please advise. Kind regards

Hi, I sold a piece of land abroad (India) . This was ancestral land which I inherited I have taken the value of the land at my inheritance (from a chartered valuer/surveyor) which I believe is correct and converted to GBP at the HMRC rate for that period and then compared this to the rate I sold it for converted to GBP at the relevant HMRC rate. I have a few questions if you could please help with this: 1)Firstly is my calculation method correct 2)Due to exchange rate fluctuations it is coming out as a capital loss. Do I still need to report this? I don't usually complete a self assessment, do I still need to report if it is a loss? 3)In terms of carrying forward this loss against future capital ains, is this possible due to it being a foreign loss? And if it is possible do I still need to complete the self assessment this year to declare the loss

Hi. I earn a wage via PAYE and usually complete a self assessment due to having a rental property. I will be declaring my interest income (which will be above the PSA. My partner only earns via PAYE and does not usually complete a self assessment but will be completing one this year due to selling a property abroad. I have a few questions if you could please help 1) I will declare my interest income on my self assessment, how do I ensure that I am not double taxed on this as I believe banks also report the interest income to HMRC to be taxed via my tax code 2)When my partner completes his self assessment, I have the same question for him, how do we ensure he is not double taxed on his interest 3) Going forward my partner will only earn via PAYE, can he complete the self assessment this year and then not do them for the following years as he will only earn an income via PAYE. And then subsequently how will his interest be taxed, will banks automatically notify HMRC who will adjust the tax code? Thanks so much in advance