HMRC Admin 5 Response

Hi

You would be liable to capital gains on this and it would only be tax exempt as a gift if the actual bitcoin had been transferred to your wife. As you will receive the funds to then make the gift, the full amount is still taxable.
Guidance is available at Capital Gains Tax: what you pay it on, rates and allowances

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Hi

No this is not relevant to the self assessment as the roof would need to be repaired irrespective of your employment.

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Hi Marcus1057

Yes you can still transfer back funds to cover expenses etc. Please see guidance at Tax on your UK income if you live abroad

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Hi Ahmad A 

Yes, a capital gain will arise if/when you sell the property and there is no need to report it now. if the property is being let, you need to report any rental income received,

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Hi

Please refer to guidance at HS284 Shares and Capital Gains Tax (2023)

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Hi TeaJay92

It is now too late to use the real time for 22/23 capital gains and a tax return is required. this is now also late as the due date for tax returns was 31/1/24.
If in future you have gains to report, you can use the real time system by 30 December and if no other critiria for a tax return then you do not need to file a full return.
The sale of overseas property can also be done on the real time system without the need for a full return (subject to the date above).

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Hi

Please refer to Capital Gains Tax: share reorganisation, takeover or merger

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Hi Robert Oakley

You will need to contact the trust department for this on 0300 123 1072

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Hi Ravi

Yes they can do this. You would need to ask your solicitor if evidence is required.

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Hi Dan Alexander Kosch

The asset being disposed of is not being reacquired as it is being replaced by a different asset. 'Bed and Breakfasting' does not apply.
CG13350P - Capital Gains manual: introduction and computation: occasions of charge: bed and breakfasting: contents

Thank you