HMRC Admin 20 Response

Hi SteveP,
They will form part of the estate and any extra tax would be payable by the estate.
As they will be in your mothers name, they need to be submitted to HMRC for any charge to be raised
Thank you.

Hi,
That is correct.
As gifting it, you need to consider that is is being sold at market value and then deduct the actual cost of buying it to work out if any loss or gain is made.
Thank you.
 

Hi,
The effective date will be when the new owner basically has the keys to move in.
Thank you.

Hi,
It is the date you purchased them.
Thank you.

Hi AC1954,
You will need to obtain a formal valuation from an estate agent and then take half of that as your share.
Thank you.

Hi Rachel,
Please contact our Childcare Service team for advice.
Childcare Service helpline
Thank you.

Hi,
As you disposed of the overseas property when you were resident in the UK, you need to declare the disposal in a self assessment tax return, even if there is no gain.  
To work out if the is capital gain, all of the values require to be coverted to pounds sterling, using a just and reasonable exchange rate in use at that time.  
In SA108 box 6, you declare the gain from your disposal and in SA108 box 39 you declare the private residence relief you are entitled to.  
As the property was your main residence for your entire period of ownership, you can claim private residence relief which would cancel out any gain.
Thank you.

Hi,
Please have a look at the guidance at CG15250 - Expenditure: incidental costs of acquisition and disposal for guidance on those costs that are allowable expenditures.
Thank you.

Hi,
Please refer to the guidance at CG68250 - Intellectual Property Rights: copyright and BIM56200 - Films and sound recordings: master versions of sound recordings
for more information.  
It is likely that the proceeds arising from this sale would be liable to income tax, but you should seek professional advice.
Thank you.

Hi Anthony,
Please have a look at the guidance at PTM112010 - International: qualifying recognised overseas pension schemes (QROPS): introduction onwards.  
It advises Certain tax charges known as the member payment charges can apply up to the later of: 10 full tax years following the tax year in which the member left the UK and
five years from the date the transfer was made to the QROPS.
Thank you.