HMRC Admin 32 Response
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RE: Inheritance tax whilst living abroad
Hi,
Please refer to the link below.
How Inheritance Tax works: thresholds, rules and allowances
You can also contact our Inheritance Tax team using the link below.
Inheritance Tax: general enquiries
Thank you. -
RE: Inheritance tax
Hi,
Please refer to the link below.
How Inheritance Tax works: thresholds, rules and allowances
You can also contact our Inheritance Tax team using the link below.
Inheritance Tax: general enquiries
Thank you. -
RE: CGT on property I gift to my daughters
Hi,
It is whoever inherited the property that will pay any Capital Gains Tax. The cost price will be the £10k and the disposal will be the 300k it is worth now. You can deduct the cost of capital improvements to reduce any gain.
Guidance is at:
CG15180 - Expenditure: enhancement expenditure
Thank you. -
RE: Avoiding double taxation
Hi,
We can only provide general information and guidance in this forum.
For an answer to a detailed question of this nature, you would need to contact our Self Assessment team below, or seek professional advice.
Self Assessment: general enquiries
Thank you. -
RE: Tax on the rental income
Hi,- Please refer to:
Tax on your UK income if you live abroad - You will need to send to HMRC the declaration cofriming that your mother is the beneficial owner of all the income to ensure only she is taxed.
- Please refer to:
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RE: Carrying forward CGT loss
Hi,
Capital losses can only be used against capital gains so you cannot use these against your rental income.
Thank you. -
RE: Double Taxation and Letter of Residence
Hi,
No. It needs to be stamped by the tax authorities.
Thank you. -
RE: Applying capital losses to gains on sale of Residential Property
Hi,
You would treat this as capital losses brought forward and used this year.
Thank you. -
RE: Do i need to pay Tax on ELSS (Equiry Linked Saving Scheme) tax-saving investment upon redempti
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RE: Tax code change to 1150L
Hi,
We will need to access your record to review this for you. You can contact our Income Tax team below.
Income Tax: general enquiries
Thank you.