HMRC Admin 20 Response

Hi StockOptions821485a,
Guidance on valuation of shares traded on foreign stock exchanges is Capital Gains Manual CG59514 - Valuation: quoted shares: further points.
Thank you.
 

Hi vskil24@,
I am really sorry to hear about the issue you've been experiencing here, and the frustration it has caused.
You can contact Student Loans here - Contact SLC - repayment enquiries - but if you're unable to make progress this way, please try
contacting us by webchat or phone again, via Income Tax: general enquiries  - if you ask to speak to an advisor, we should be able to
liase with out Student Loans unit directly.
Thank you.
 

Hi antoeknee1,
As stated, the general answer to your question is that the gain is chargeable on the beneficial ownership of the property.
The link provided should give the guidance necessary to address the specifics of your question.
If you are still unsure after reading the provided guidance, contact us by webchat, phone or post via Self Assessment: general enquiries, and we can provide the specific help you need.
Thank you.

Hi Hassan Abdullahi,
It can take about 8 weeks for you to receive a National Insurance Number, but if you have not yet received it then you may wish to call the National Insurance Number Allocation Helpline on 0800 1412079.  They will be able to help you further. 
Thank you.

Hi Del,
No.  
You will just need to write to HMRC at
H.M. Revenue and Customs
Pay As You Earn
BX9 1AS  
to declare the interest and advise that you have returned to the UK.
Thank you.

Hi CheMey,
1. No   
2. If you do not live in the property as your main and only residence for the whole period of ownership, yes  
3. It is the value at the date of transfer against what you sell it for  
4. If tax paid abroad on selling it, you can claim foreign tax credit relief to reduce any UK tax due.
Thank you.

Hi CheMey,
As your father is not UK resident, he does not have UK capital gains tax to pay on the gift of the property to you, he may have the equivalent to pay, in his country of residence.  
You may have a capital gains tax liability if you are resident in the UK at the time you dispose of this property.  
You are acquiring the property at the market value of the property in pounds sterling at the time it is gifted to you.  
You will need to convert to pounds steling using a just and reasonable exchange rate in operation at the time you were gifted the property.  
This value is deducted from the disposal value in pounds sterling using a just and reasonable exchange rate in use at the time of disposal.  
The difference, minus costs, is either a gain or loss.  
As this is a foreign property, you need to declare the disposal on a self assessment tax return.
There is a calculator at Tax when you sell property to help you.
Thank you.

Hi Carlotta,
Please refer to Tax on a private pension you inherit.
If it is taxable it will be declared under other UK pension income.
Thank you.

Hi San CA,
If you choose to use the remittance basis, you are taxed on your UK income and capital gains along with any remitted income and capital gains.  
If you dispose of this property and bring the proceeds to the UK, the proceeds will be taxable under capital gains rules and would need to be declared on a self assessment tax return.  
You would need SA100 (tax return) SA108 (capital gains) SA106 (foreign) and SA109 (residence, domicile and remittance) along with any other supplementary pages.  
Please note that by using the remittance basis, you lose your personal allowance and capital gains allowance.  
Have a look at section 9 of Residence, domicile and the remittance basis: RDR1 for more information.
Thank you.

Hi anderssummers,
That is correct.
Thank you.