HMRC Admin 21 Response

Hi,
Yes. You became the owner of part of the propety when your father died, with the value of the property being based on the market value of the property on the day he died. This figure needs to be used on the share you received from your father and if your mother willed her share to you, you would use the market value of the property on the day she died.
This will help you work out the acquistion cost, to help work out if there is a gain. There is a calculator to help you at Tax when you sell property.
Thank you.

Hi Thorn,
Thank you for your question.
Please refer to our guidance:
TSEM9330 - Ownership and income tax: introduction: income tax principles - joint ownership and
TSEM9800 - Property held jointly by married couples or civil partners: contents.
As a married couple who jointly own a property you will need to make a declaration of your unequal shares by completing a Form 17 and sending this to us with evidence such as a valid declaration of trust see:
 TSEM9852 - Form 17 rule - how couple make declaration.
A valid declaration will only apply from the date the Form 17 has been signed and cannot be backdated. 
Thank you.

Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances. 
Thank you.

Hi Bill,
As you took ownership in 2010 it is your share of the value at that time.
Thank you.

Hi Pauline,
Please refer to: Tax on foreign income.
Thank you.

Hi,
Please refer to: Tax on foreign income.
Thank you.

Hi Eleni,
Please refer to: 
Set up as a sole trader: step by step,
Expenses if you're self-employed and,
Self Assessment tax returns.
Thank you.

Hi Robbi,
We will need to access your record to review this for yout, please contact: Self Assessment: general enquiries.
Thank you.

Hi,
You will only pay the higher rate tax on the income in the higher rate tax band. You can check the tax bands at:
 Income Tax rates and Personal Allowances.
Thank you.

Hi Thomas,
Please refer to guidance at: Capital Gains Tax, share reorganisations and company takeovers (Self Assessment helpsheet HS285).
Thank you.