HMRC Admin 32 Response

Hi,
The guidance above that has been referred to ‘DT4617’ has been archived and replaced with updated instructions below.
DT4605 - Double Taxation Relief Manual: Guidance by country: Canada: Notes - HMRC internal manual
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Hi,

Please can you confirm which department you are trying to contact? 

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Hi,
No. Capital gains losses can only be utilised in the tax year in which they arise or against a gain in a future tax year. The only exception to this rule is in the situation where the individual has died.  
Please have a look at the guidance at:
CG21520 - Individuals: losses: Relief for losses: examples 1 to 5
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Hi,
This may be similar to a S104 holding, please see guidance at:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
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Hi,
If you are resident in the UK, when you dispose of the property, you may have UK capital gains tax to pay.  Whether a gain arises or not, the disposal must be declared an a self assessment tax return.  
You would need to work out if there is a gain, using UK capital gains tax rules. There is a calculator at:
Capital Gains Tax
All parts of the calculation must be in pound sterling, using a just and reasonable exchange rate in use at the time of acquisition and disposal. 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 at:
National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing. 
Thank you.

Hi,
Restricted Stock Units, are a way of employers providing incentives to employees over the long term. When the shares vest your employer should show the income from the vested shares on your P60 after the end of the tax year. You would declare this in the employment section of the tax return. Your employment may hold back some of the shares to pay the tax due.  
To claim a tax credit for the tax paid, means that you should also show the income and tax deducted in the foreign sections. This will allow you to claim a foreign tax credit relief.  
Please have a look at the guidance at:
ERSM20193 - Employment-related securities and options: what are securities: RSUs and dividend equivalents
Thank you.

Hi,
Please have a look at CG15260 for allowable expenditure and CG15620 for specific examples of incdedental costs.  
CG15160 - Expenditure: categories of allowable expenditure
CG15260 - Incidental costs of acquisition and disposal: specific examples
If any of the expenses or costs occurred prior to ownership they will not be allowable.
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Hi,
Please have a look at the guidance on giving gifts at:
How Inheritance Tax works: thresholds, rules and allowances
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Hi,
No. There are no tax implication in the UK on inheriting a share of an overseas estate. We cannot comment on an US tax implications.
Thank you.