HMRC Admin 32 Response

Hi uur_424,

As you have transferred equity whilst a UK resident, this would be seen as a capital gain that would need to be reported.

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.

Hi,

If it qualifies for the Trading Allowance you don't need to declare it.

Trading allowance

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Hi,

As it is a joint property for married couples, the property is normally split 50/50 on any sale. You would need to submit a form 17 and declaration of trust for an alternative split. As there is no gain/loss at the time of transfer, when it comes to selling, the originally price at time of purchase is applied.

Guidance is at:

Capital Gains Tax: what you pay it on, rates and allowances

Declare beneficial interests in joint property and income

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Hi,

If you contact our Self Assessment department using 'Ask HMRC Online' and request to speak to an adviser we will be able to update this for you. Once we request the return it will update online within 72 hours.

Self Assessment: general enquiries

Thank you.

Hi,

Please refer to guidance at:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you.

Hi,

You don't claim the Marriage Allowance on the return. If it is in place, HMRC will update the SA calculation to include the Marriage Allowance.

Thank you.

Hi,

Please refer to guidance at:

Tax when you sell shares

Shares and Capital Gains Tax (Self Assessment helpsheet HS284)

Thank you.

Hi,

The additional savings allowance is only applicable on interest and not dividends so for 22/23 you would have the dividend allowance of £2000 plus personal allowance (if applicable) £12570.

Please see guidance here.

Tax on dividends

Thank you.