HMRC Admin 19 Response

Hi,
You can see guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you.
 

Hi,
Your mother still qualifies for relief for the period she lived in it. Any capital gains may be liable in both countries but Foreign Tax Credit Relief can be applied in the UK for any foreign tax paid.
Thank you.

Hi,
They can only be used against the self employment to generate a loss that can then be used against future profits.
Thank you.

Hi,
If UK resident, you do not need to report the loss unless you want to use it for any future potential capital gains. If so, you must report in writing and each person must show their share, you can see guidance here:
If you make a loss
Thank you.

Hi,
You will not pay tax or need to declare anything under £1000. If over this, you will need to register for Self Assessment, a parent or guardian will need to do this for you.
Thank you.

Hi,
No, you do not need to report this.
Thank you.

Hi,
Your wife will use the 2007 value. The legal fees will be the 50% from when purchased and this will apply for improvements up until you then onwnEd 17.5%. The selling fees will bE 17.5% for your share and also your wife.
Thank you.

Hi,
You need to declare 50% of any interest earned as it is a joint account. You do not need to declare the gift.
Thank you.

Hi,
No, the tax relief is applied automatically. It would only be if you made a lump sum at the very end of the tax year that would be paid gross for you then to claim the relief from HMRC.
Thank you.

Hi,
Yes, it will be Canada.
Thank you.