HMRC Admin 19 Response

Hi,
Yes, you can offset the loss from share disposals against your gain from residential property disposal. You would be required to submit an amended online PPDCGT from that include the loss, as well as supporting evidence of the loss, thus reducing your capital gain liability. The amendment should generate an overpayment of tax. You can then enter your bank account details and claim a repayment of tax.

Hi,
The maximum that anyone can pay into their pension scheme and receive tax relief is the lower of £60,000 annual allowance or their annual UK earned income. From 6 April 2016 your annual allowance will be reduced if your adjusted income for the tax year is more than the adjusted income limit. You can see guidance here:
Pension schemes rates
You can also see guifdance on UK earned income here:  
PTM044100 - Contributions: tax relief for members
Thank you.

Hi richard b,
You can see guidance on giving gifts here:
Rules on giving gifts
If, after reading the guidance, you still have queries, you will need to contact our Inheritance Tax team for advice.
Inheritance Tax: general enquiries 
Thank you.

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

Hi,
You can see guidance here:
How to update your tax code
Thank you.

Hi Andrea Roberts,
It is now too late to submit an amended PPDCGT return form. Your husband will need to compete a Self Assessment tax return and include his worldwide income, using the relevant supplementary pages. Capital gains is declared on supplementary page SA108.  
He will need to show the revised Capital Gains Tax liability for the property disposal. The supplementary page should also show the gain declared on the PPDCGT form, box 9 page CG1, and the tax paid, box 10 CG1.
Thank you.

Hi Tadge Dabrowski,
As the individuals are the beneficial owners of the property, they would each be required to work out if they have a capital gain to report. As this is an overseas property disposal, each individual would be required to declare the disposal in a Self Assesment tax return, whether there is is a gain or not. You can see guidance here: CG10720 - Persons chargeable: beneficial owner
Thank you.

Hi,
When a partnership is formed it changes the business's legal structure. Effectively, the sole trade ceases and the partnership begins. For details on reporting this please see thr following guidance:
Tell HMRC about a change to your business 
Assets that where used by the original sole trader that continues to be owned by them does not trigger a capital gain. Only if the asset is to change physical ownership to the other partners may trigger a capital gain based on the percentage of the asset ownership is being transferred. You can see guidance here:
PM272100 - Capital gains- introduction
Thank you.