HMRC Admin 18 Response

Hi,

Yes you will need to report any gain for your share of the property. See link below:

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.

Hi,

As you bought the funds in advance you will use the rate you bought them at.

Thank you.

Hi,

Please refer to guidance at:

Capital Gains Tax summary notes

You will use the exchange rates for the tax year of purchase and for sale.

Thank you.

Hi,

Please refer to guidance at:

HS284 Shares and Capital Gains Tax (2024) Updated 6 April 2024

Thank you.

Hi,

You can provide a copy of the statement.

Thank you.
 

Hi,

You will include this in your tax return. Your husband can use the real time service to report his share:

Report and pay your Capital Gains Tax

Thank you.

 

Hi,

No the shares sold will be taxed as capital gains only. The dividends prior to sale of the shares count as other income when working out your tax rates.

Thank you.

Hi,

Only the improvement costs are allowable against any CGT.

Thank you.

Hi,

As you have amended the beneficial interest, both need to declare your share of any income/expenses and this includes any capital gain.

Thank you.

Hi,

A new valuation would need to be done based on the November 2023 date to then see if any gain arises.

Thank you.