Glenne Nelson

Good Afternoon , my wife and I want to pay off our daughter’s mortgage. We are aware of the 7 year rule. If the money, say £64K is payed from a joint account will it be best to gift it as two £32K or one £64K. The question is if I or my wife die within 7 years does the rule only apply to the individuals death and the £32K of that person. w.g. If I die my £32K would be in play while my wife’s will remain untouched. Thanks in advance

Thank you for your response, however, I don’t have a CGT account. I have an account that just says that I completed a form online and that’s it’s in progress. There is no mechanism for viewing or amending the form. It says the form was filled in online on 24/05/2024 which was the one with the errors, it does not mention the corrected form I filled in online on the 30th (which I have posted by mail as well) unless they have seen the amended form online and are using the 24/05/2024 date as that was when it was originally sent in. I have no idea.

After talking to HMRC, the form is available to be filled in online, however, it isnt possible to download a blank copy. I was advised to fill out the form online again, which I have done, printed, signed and posted. HMRC is also posting a blank copy of the form.

I have filled in the form PPDCGT online to declare CGT on my late son’s house as I am an executor As the house was still in his name, I’ve filled in the form as a representative rather than a beneficiary. I have printed the form but realised there are some errors. I cannot find a blank form online to download Do I need to fill the form online again. The forms title is: Reporting Capital Gains Tax due on U.K. property - form PPDCGT.