HMRC Admin 20 Response

Hi,
If a property is jointly owned by spouses, then a 50/50 split is assumed.  
To declare unequal beneficial interests a Form 17 and declaration or deed of trust will be required by HMRC.
Please see TSEM9852 - Form 17 rule - how couple make declaration for more information. 
If a property is owned by one individual they can assign beneficial interest to their spouse using a Deed of Assignment or Deed of Trust.
Most types of Trusts giving an interest in a property to someone who is not the legal owner now need to be registered with HMRC via the Trust Registration Service.
Guidance can be found at Register a trust as a trustee.   
Thank you.

Hi,
Property income is normally assessed to tax on a tax year basis, you would declare the income on your tax return in the year you receive it.  
Expenses should be declared in the year they were incurred.  
Please see PIM1010 - Introduction: basis of assessment and time apportionment for further information.
Thank you.

Hi,
No as this is not your employment.
Please refer to Expenses if you're self-employed
Thank you.

Hi,
You would only report them if you sell them.
Yes you purchase price will be 0
Thank you.

Hi,
Gilts are a special case as, unlike most normal bonds, any value gain you make on them is not subject to capital gains tax, and does not count towards your CGT allowance
(£3,000 in the 2024/25 tax year).
This is true whether your capital gain is from holding gilt (s) to maturity, or selling it for more than you paid for them.
Thank you.

Hi,
Please refer to guidance at Trusts and taxes or telephone the Trust helpline for advice on 0300 123 1072.
Thank you.

Hi,
We can only provide general information / guidance in this forum.  
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat
facility at Contact HMRC or seek professional advice.
Thank you.

Hi,
We cannot comment on any form of calculation/example or scenario, whether fact or fiction.
We can only point you the direction of the guidance, so that you can review the guidance and to allow you to make an informed decision.  
If, after that you still need advice, you need to employ the services of a financial adviser. 
Thank you.

Hi,
Yes you do - Offshore funds (Self Assessment helpsheet HS265)
Thank you.

Hi, Daz_Allan,
That is correct 
Thank you.