HMRC Admin 25 Response

Hi SS7,
If the agreement was done after the property was sold, any gain is split based on ownership/tennants in common at the time the property was sold.
Thank you.

Hi Minty Tsui,
No, as the 60k is the purchase price of the shares when working out any Capital Gain Tax due, if applicable.
Thank you. 

Hi EMidlands7,
A certificate is not applicable in this case. you need to report the sale and can claim Foreign Tax Credit Relief for foreign tax paid to reduce any UK liability for the same source.
Thank you. 

Hi Radhika10,
To confirm whether your due a refund, we would need to review your record.
Please contact us by webchat or phone here:
Income Tax: general enquiries
Thank you. 

 

Hi Treasuresmith1,
No, as you have not sold an asset.
Thank you. 

Hi Chris H,
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.
Please refer to:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you 

Hi Vic,
You can gift it to your husband with no Capital Gains Tax implicatoins.
For stamp duty, you would need to check with the stamp office here:
Stamp Duty Land Tax
Thank you 

Hi Edward,
Please refer to:
How Inheritance Tax works: thresholds, rules and allowances
Or please contact the helpline:
Inheritance Tax: general enquiries
Thank you. 
 

Hi johnsoniom,
Please refer to:
HS320 Gains on UK life insurance policies (2024)
Thank you. 

Hi hyo96135,
Please refer to guidance here:
Checking how to claim a tax refund for negative earnings
Thank you.