HMRC Admin 21 Response

Hi Jo P-K Payne,
If the property was named in a will, along with the beneficiaries, then when your last surviving parent passed away, the property was transferred to the beneficiaries, with a value as declared in probate.  If the property is disposed of for more than the probate value, then a capital gain arises.  Each of the beneficiaries would need to work out what their gain is and report and pay it within 60 days of completion.
Thank you.
 

Hi belgiumqq,
Yes, provided you make a gain when you dispose of them.
Thank you.

Hi "LIVINGINUK Giuseppe,
No we dont correspond by email.
Thank you.

Hi Oliverps46 Oliver,
Saving bonds interest is taxed in the year that it is made available to the you as the customer.
Thank you.

Hi TabUk,
If the completion date of the disposal ocurred after 5 April 2024, then the capital gain falls into the 2024 to 2025 tax year.  If you are required to complete a tax return for 2024 to 2025, then you would include the capital gain on that tax return, where the disposal value exceeds £50000.  If the completion date was before 5 April 2024, then yes, you would need to amend your tax return, if the disposal value was over £50000.
Thank you.

Hi caffyred,
To check on the progress of your repayment, log into your Personal Tax Account, and click on the 'Check Progress' tab, at the top of the page just below the blue bar. If the progress of your repayment still doesn't show, contact us by webchat or phone via Income Tax: general enquiries to allow us to check this for you.
Thank you.