HMRC Admin 18 Response

Hi,
Please have a look at the guidance on private residence at CG64970P onwards:
(Capital Gains Manual)
and HS283
HS283 Private Residence Relief (2024)
Thank you.

Hi,
Please have a look at article 11 of the current tax treaty with the UK and France:
UK/FRANCE DOUBLE TAXATION CONVENTION
Thank you.

Hi,
Please have a look at the guidance on inheritance tax at:
Inheritance Tax
Thank you.

Hi,
Please have a look at:
Tax and Employee Share Schemes
for a list of recognised share schemes.
Thank you.

Hi,
Please have a look at the guidance at BIM56810:
(Business Income Manual).  
This is something you will need to decide on.
Thank you.

Hi,
Private residence relief only covers the period that the property was you main residence.  It is the total number of months that the property was your main residence, plus an additional 9 months, over the total number of months you owned the property.  This give a fraction which is applied to the gain and gives an amount of relief to deduct from the gain.  Please take a look at the helpsheet HS283 at:
HS283 Private Residence Relief (2024)
Thank you.

Hi,
A SA109 is still required.  The form HS302 is supporting SA109 page RR2 section for 'Residence in other countries'.
Thank you.

Hi,
You declare simplified expenses up to the vehicle change and then use actual expenses from acquiring the new vehicle.
Thank you.
,

Hi,
His acquistion cost is 50% of the cost in 2000 and the sum paid to buy out the ex's 50%.  The mortgage has no relevance, when calculating capital gains tax.  How the acquisition is financed does not factor into any capital gains calculations.
Thank you.
 

Hi,
His acquistion cost is 50% of the cost in 2000 and the sum paid to buy out the ex's 50%.  The mortgage has no relevance, when calculating capital gains tax.  How the acquisition is financed does not factor into any capital gains calculations.
Thank you.