HMRC Admin 10 Response

Hi
In year capital gains losses must be used first even if that means you lose out on the annual exempt amount.
For your scenario, the losses would be used against your profit and the overall figure is still below your annual exempt amount for 22/23 so no capital gain charge would be due.

Hi
If there is no increase in value from the date they are gifted to the date they are sold, then no gain will be due.
Your son will need to check the tax position in Canada though for his tax position.

Hi
Yes.  
The method for calculating capital gains tax applied equally to foreign property as it does to UK.  
As the private residence relief covers any gain, there is no tax to pay.  
As you were resident in the UK at the time the property was disposed of, you will need to declare the disposal on a self assessment tax return.  
In SA108, you will need to claim 'PRR' in box 8 to declare private residence relief.

Hi
As you have claimed the foreign tax credit relief, you will also need to declare the actual gain that you made.

Hi
No you do not need to report  this.

Hi
No.  
Isa income is tax free, so is not a factor in the investment income threshold for self assessment.
 

Hi
Yes as this would still be seen as a sale.

Hi
Your tax code will be update with the revised information once your tax return has been processed.

Hi
The only tax implication is that any interest generated from it will be your income as the bank account is in your name only.
You will need to check with the bank on what documentation is required in respect of anti money laundering.

Hi
Yes you can register for self assessment now.
You can also apply for a certificate of residence but if may be a letter of confirmation is issued until your actual 23/24 tax return has been submitted.