HMRC Admin 19 Response

Hi,
As jointly owned, it must be split 50/50 unless a declaration of trust and form17 is submitted advising of a new split prior to the sale.
Thank you.

Hi,

1. Yes, it will.  
2. Yes.  
3. As you have already elected to have A as yor main property this will stay in force so no CGT will be due when it sells.

Thank you/
 

Hi,
The actual calculation will reflect the in year losses being used.
Thank you.

Hi,
To review this you will need to contact our Self Assessment team.
Self Assessment: general enquiries
Thank you.

Hi,
If there is a change for the partnership,then the nominated partner can contact our Self Assessment team to update.
Self Assessment: general enquiries
Thank you.

Hi,
Each one would need to submit their own share of any gain/interest.
Thank you.

Hi.
It is likely that CGT is due. You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
For allowable expenses in relation to any gain, please refer to the guidance here:
CG15250 - Expenditure: incidental costs of acquisition and disposal 
If you now sell shares at a loss, this can be set against any capital gain but this would need to be done prior to the house sale. If not, you will need to wait until after 6 April 2025 to make a full return submission for any amendment.
Thank you.

Hi,
Yes, that is correct.
Thank you.

Hi,
Yes, the interest is still taxable income, so this brings you into the higher tax bracket and reduces the personal savings allowance to £500.
Thank you. 

Hi,
You can see guidance here:
HS284 Shares and Capital Gains Tax (2024)
Thank you.