HMRC Admin 25 Response

Hi maxima,
Please see guidance here: 
Tax on your UK income if you live abroad
Thank you. 

Hi carrjonp,

1. As still hers, just the declaration of trust is required  
2. If it is a UK residential property, no.
3. Yes the original purchase price
4. No you need to use the split applied under the beneficial interests  
5  As in 4  
6. That is correct

Thank you, 

Hi J S,
Please refer to guidance here and associated links:
CG15700P - Capital Gains manual: introduction and computation: computation: compensation: contents
Thank you. 

Hi anushri.tyagi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.
Further guidance can be found here:
Tax on savings interest
Thank you. 

Hi A C,
The residence test has precedence, so if you still have overseas income you may want to consider the remittance basis.
Please see guidance here:
Paying tax on the remittance basis (Self Assessment helpsheet HS264)
Thank you, 

Hi A Wu,
No, it would be one or other. 
Thank you, 

Hi 
Yes you will include it as allowable expenses.
Please see guidance here:
Expenses if you're self-employed
Thank you. 

Hi C Price,
That is correct.
If calculating the tax due yourself, also include an entry on box2 on the foreign page F1.
If you want HMRC to calculate, leave blank.
Thank you. 

Hi halfax,
For what date did you get the property please use the first date that you got part of it.
For the share of property, put what the final share of it was.
For the value, you will need to put the intial price but also include an attachment with the form detailing the different dates that you then acquired subequent shares and their values in order to show how you have arrived at your final figure for the gain.
Thank you. 

Hi Phoebe Chan,
The SA109 form will need to be completed as you arrived part way though the year and will be claiming split year.
Guidance on how to complete the form is here: 
Residence, remittance basis etc notes