HMRC Admin 21 Response

Hi Boz Withers,
As you and your siblings are benefical owners of 50% of the property, when this is sold you will still be liable to capital gains should your share exceed £6000 (for 23/24). this is not the same as inheritance tax. to work out any gain you would take the value of your share at the date your father passed away - as you state probate was granted there is likley to be a value attached at that time - as your cost price and your disposal would be your share of what the property sold for minus any costs. whilst your mother is then still the legal owner of the new property, you are still a beneficial owner and capital gains would be due again when that was sold.  
For stamp duty please refer toStamp Duty Land Tax.
Thank you.

Hi Bill2468
It is the actual withdrawal that is the 'income' not where the IRA is invested.
Thank you.

Hi Mark_
If your pension contributions are deducted from your gross pay before tax is calculated then relief already given and would not be deducted again for adjusted net income, If the pension contributions are from your net wage then you would deduct from your pay for adjusted net income. 
Thank you.

Hi Thomas Dillon,
Sorry the previous reply should not have been posted as that was HMRC referring to an internal email. you would need to write in with the details so that it can be referred on to our specialist team.
Thank you.

Hi Gavin Faulkner,
No, they are to be set against the same source of self employment.
Thank you.

Hi Rush787,
If you had relief for expenses in your tax code and the amount of expenses reduced then this would then mean that there would be an underpayment in the current tax year and your tax code adjusted to collect the underpayment. To check if this was the case you would need to contact HMRC Income Tax: general enquiries. Once your claim is reviewed if the expenses are due then your tax code will be updated going forward with the expenses as an estimate for the next tax year. If the expenses change then you will need to contact HMRC.
Thank you.

Hi Thomas,
The gain will be based on the difference of what you paid for them and what you sold them for. please refer to guidance at https://www.gov.uk/tax-sell-shares.
Thank you.