HMRC Admin 10 Response

Hi
The actual capital would not be liable to tax.
However, any interest generated is classed as taxable income and this applies also to any interest earned while the funds are in India.

Hi
You will give details/dates of the losses and send this to HMRC, PAYE & Self Assessment BX9 1AS.

Hi
HMRC would not know what you have claimed against as you are only required to enter a figure on the return and not what it relates to.
You can telephone 0300 200 3310 to ask for this information .

Hi
Indexation no longer applies in the UK.
HMRC would be looking at the purchase price, disposal price and any related capital expenses in order to work out any capital gains tax due.

Hi
Please treat your Australian income from July 2021 to June 2022 as your overseas income for the tax year 6 April 2022 to 5 April 2023 and July 2022 to June 2023 as your overseas income for the tax year 6 April 2023 to 5 April 2024.  
In this way the last day of the Australian tax year falls within the UK tax year and both periods cover 12 month financial year.  
All entries on SA106 must be in pounds sterling.

Hi
We do not have the necessary infomation to advise on this matter in this forum.  
You will need to decide whether you take the advice of your tax advisor.

Hi
Helpsheet HS283 advises that the period of ownership for private residence relief purposes, is the date you first acquired the property, which you confirmed with TCGA1992/S28 is the time the contracts were signed.  
Provided that the property was your main residence at some point, the final 9 months of your period of ownership always qualify for private residence relief, regardless of how you use the property in that time.  
This means the period of main residence has a further 9 months to add to it, over the number of months of ownsership.
Definition of terms

Hi
Please have a look at the guidance for expenses if you are self employed.
(Expenses if you're self-employed).  
Depending on your accounting method, you may be able to claim capital allowances for the purchased car.  
If you had previously claimed capital allowances or revenue expenses for the car that was sold and you had claimed relief on the full purchase price, then the disposal would be considered profit and should be added to the turnover.