Smallbear
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RE: Gifting Property
Hi, Thank you for your reply. I understand that I have to file the Non-Resident CGT within 60 days. However, I am not sure if I should file the return as 100% of the sale proceed received by me or do I need to report 50/50 split though 100% of the sale proceed received by me? If I need to file as 50/50 return, is there a column on the form that define the split? Thank you. -
RE: Gifting Property
Hi, I have recently sold my property that I jointly owned with my husband. We are non-UK resident and non-UK Citizen. The property was purchased in 2007 as our main residence. However, we have left UK since 2011 and the property was rented out since 2012. My husband gave the property to me (without any declaration of trust) and I have used the rental income to pay for all outgoings. Since the property is now sold and 100% of the sale proceeds received by me only, please kindly advise on filling the Non-UK Resident CGT? 1) Should I file 100% of the sale proceed for Non UK Resident CGT? 2) Or should I file as 50/50 split between me any husband? (Please note my husband did not receive the sale proceeds as he intend to give the sale proceed to me since all the outgoing of the property was paid by me) 3) If I file 100% of the sale proceed for Non UK Resident CGT, does my husband need to file for Non Resident CGT too if he did not receive any profits from the sale? Thank you.