HMRC Admin 10 Response

Hi
You will need to contact an estate agent abroad for them to give you a valuation based on similar properties that were sold at the time you received it. This will then be your purchase price. a copy of said valuation would need to be privded as evidence for your figures.

Hi
The purchase price would be what the original person paid for them.

Hi
The word residence is not defined in the legislation so it must be given its ordinary meaning. For an individual its ordinary meaning is the dwelling in which that person habitually lives: in other words, his or her home.

Hi
The 15K income will be liable to 40% tax and also class 4 NI but no class2 will be due on the 15k as you will have already paid class 1 under PAYE. HMRC cannot advise you on if/how much to put into a SIPP as this is financial advise which we are not authorised to give.

Hi
As you have self employment to declare, yes you will claim it on the return. If you have no need for self assessment in future and your pension contribution is under £10,000 you can claim by phone. If over £10k, you need to write in with evidence

Hi
As it is their main residence then no capital gains will be due. They can sell anytime and do not need to wait 5 years.

Hi
You cannot claim relief for the tax deducted on the ISA dividends. Foreign tax credit relief is only applicable for the source it is actually taken from so you can only calim relief if tax is deducted from the other dividends that you report.

Amended response
No, if you are a UK resident you do not have to declare or tell us about any income or capital gains from ISA Savings and investments, including dividend income, you can see the guidance here:
SAIM2310 - Interest: exemptions: tax-free savings income: ISAs, PEPs and CTFs

You will need to approach the Canadian government direct regarding any claim against the withholding tax they have deducted on your ISA dividends. They may request you to obtain a certificate of residence from us verifying you are a resident in the UK for tax purposes. If they do, you can apply for a certificate of residence here:
How to apply for a certificate of residence to claim tax relief abroad
Thank you.
 

Hi
If the property was your main resience, then no, you do not need to report the disposal.

Hi
As this is a share inceptive plan and not a pension this does not give tax relief on the payments and you dont include it on the tax return.

Hi
You can attach it as a pdf for evidence but you should also show the tax deducted on the actual return in order to claim relief - you will declare the gain in both the foreign and capital gain sections of the return.