HMRC Admin 10 Response

Hi
Professional indemnity insurance counts as an allowable expense, as it is tax deductable. To claim the relief due, record it as a business expense on your tax return, or write to us confirming the amounts paid towards this insuarnce at
Pay As You Earn and Self Assessment,
HM Revenue and Customs,
BX9 1AS
 

Hi
While your return calculation will show the overall amount due for the tax year, the payments that you've made towards your payments on account for this year will be deducted automatically from your overall tax bill once you've submitted the return.

Hi
There is no formal method of you paying tax in advance like this.  You could of course make payments to your self assessment account, say on a monthly basis or set the tax aside in a bank account each month, so that you can pay the payments on account when they become due.

Hi
These values are set in legislation and it is up to the government, not HMRC to change them.

Hi
There would have been a market value at the time the property was gifted to you and again when your sister signed over her share.  This would be used to work out your capital gains liability.

Hi
That's correct.

Hi
1. the gain for you and your brother will be based on the value at time of transfer against the amount sold for    
2.  as your mum lived in the property, no, there is no CGT due    
3. possible as depends on the difference in values    
4. not for you or your brother as you did not live in the property at any time after becoming owners