HMRC Admin 32 Response

Hi,
Please have a look at the paper SA108.
Capital Gains summary (2024)
Choose the relevant section for your type of gain, such as residential property.
For residential property you will see box 9 and 10, other property assets and gains are boxes 21 & 22.  
Listed shares use boxes 29 & 30 and unlisted shares use boxes 37 & 38.  
The online tax return does not use the same numbering, so when in the relevant section, look for the boxes with the same wording.
Thank you.

Hi,
If your mother owns a share of the asset when it is disposed of, then a capital gain may arise. If the property was her main residence up to the date she moved to the UK, then she can claim private residence relief for that period, following the guidance on helpsheet HS283.  
There is a calculator at:
Tax when you sell property
This calculator can be used to work out any gain. All figures used in the calculation must be in pounds sterling, using exchgange rates that were in use at the time of acquistion and disposal.  
The disposal must be declared in a self assessment tax return. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.  
For your convenience, there are exchange rates at:
National Archives: Exchange rates from HMRC in CSV and XML format
For older rates please see:
National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2010
You are free to use any of the supplied rates or one of your own choosing.
Thank you.

Hi,
Yes. You can claim private residence relief for the period that the property was your main residence.  
Please have a look at the guidance at helpsheet HS283. 
HS283 Private Residence Relief (2024)
There is a calculator below, which also has a link to the online capital gains service, so that you can report any gain and pay the tax due, withing the 60 day period.
Tax when you sell property
Thank you.

Hi,
No, these are not tax deductable as it is your choice to move.
Thank you.

Hi,
Please refer to CG22200 which covers the exemptions from the no gain/no loss one of which is where the transferred asset was "part of the trading stock of the spouse or civil partner making the transfer; or acquired as trading stock for a trade carried on by the transferee spouse or transferee civil partner".
CG22200 - Transfer of assets: between spouses or between civil partners living together
It would then be up to them to consider if the property was treated as 'stock' - refer them then to:
BIM33005 - Stock: meaning of
Also refer to the below which mentions property.
BIM33035 - Stock: meaning of: statutory definition
Thank you.

Hi,
As now owned 50/50, you should both be declaring your share of the income and expenses. You will therefore need to amend the returns for the years that are wrong and your wife will now need to file returns to show her share from when she was added. Going forward all income and expenses should be 50/50 unless you submit a change in beneficial ownership.
Thank you.

Hi,
For a breakdown of your bank interest, and to allow us to update your record with your gift aid donations, contact our Income Tax team by webchat, phone or post via:
Income Tax: general enquiries
This will also allow us to review where the dividend entry has originated from, and then remove from your record if necessary.
Thank you.

Hi,
Please refer to:
How Inheritance Tax works: thresholds, rules and allowances
Thank you.

Hi,
Please refer to:
INTM161220 - UK residents with foreign income or gains: double taxation relief: Foreign tax
Thank you.

Hi,
No that is for Inheritance Tax. As you are referring to a 2nd property, CGT will be due as this is seen as a disposal.
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.