HMRC Admin 21 Response

Hi Mobina,
If there was a will showing the 4 beneficiaries then each one declares their share of the gain for their own CGT charge.
Thank you.

Hi,
Please refer to:
 PTM052100 - Annual allowance: pension input periods.
Thank you.

Hi John,
The disposals limit is £50,000. the proceeds over £3000 you will have to pay CGT.
Thank you.

Hi Jason Hales,
If you and your spouse or civil partner were living together at some time in a tax year, you can transfer assets between you at no gain or loss any time up to earlier of the end of the third tax year after that in which you ceased to live together or the date on which a court grants a divorce or annulment of marriage, or dissolution or annulment of a civil partnership.
Transfers of assets between you or your spouse or civil partner in accordance with a formal divorce or separation agreement or court order will be at no gain or loss without any time limit.
We are unable to provide specific advice tailored to individual circumstances. 
Thank you.
 

Hi,
If the qualifying conditions are met as per previously advised then yes.
Thank you.

Hi,
The size of the room is irrelevant and it is classed as your home whilst at university.
Thank you.

Hi JoannaVeimou,
You will answer no to the question. You will then be issued with a letter of confirmation once your claim has been processed.
Thank you.

Hi Silas Reid,
As your savings are within your personal savings allowance then no. Once you go above £500 for the tax year, tax will be due on the difference.
Thank you.

Hi,
If you rent out whether with Airbnb or not, there are CGT implications when you come to sell the property  as it has not solely been your main residence for the whole period of ownership. see guidance at:
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.

Hi,
Yes you can offset any loss. you will show this in the 24/25 tax return as long as the shares are sold prior to 5/4/25.
Thank you.