HMRC Admin 21 Response

Hi KseniaY
Yes only the VAT registered builder would be able to claim VAT on the materials purchased.There is no special process for this.The VAT registered business would just include the purchases on his regular VAT returns which they submit to HMRC.
Thank you.

Hi,
It does not matter who owned the properties.The key point is that it has at no point been lived in during the last 10 years.
VAT refunds for conversions if you’re a DIY housebuilder.
Thank you.

Hi red112.
If the goods are over £135 then the importer is responsible for paying any VAT charged at import.
However if the goods are imported in to the UK of a value below £135 then the consumer is not reposnsible for paying the VAT.the overseas seller is responsible for charging it.
If the consumer is the importer in to the UK then you will own the goods overseas and so there will be a responsibility for your business to account for the UK VAT.
Please see the guidance below:
Changes to VAT treatment of overseas goods sold to customers from 1 January 2021.
Thank you.

Hi,
You can use reasonable estimates but you must refer to this in your computation.  If your computation includes estimated figures 
or a valuation, you must tell us:
 • where and why you’ve used estimated amounts
 •  how you worked out these amounts
For valuations, you should also include:
 • the date of the valuation
 •  a full description of the asset 
Thank you.

Hi,
Please refer to: Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.

Hi,
Please refer to guidance at: HS265 Offshore funds.
Thank you.

Hi,
You will take 1/3 share when in 2008, another 1/3 share of the value in 2017 when your grandad passed and then the final 1/3 of the vaue in 2021. all added together this is your purchase price for working out any gain.
Thank you.

Hi Lucy,
Please refer to: CG64485 - Private residence relief: only or main residence: two or more residences: right of nomination.
Thank you.

Hi Darren,
As the gain is over 10k, you need to report this in your 2024/25 tax return.
Thank you.

Hi,
If you are resident and domicle, yes. if you use the remittance basis, please refer to:
 RDRM31340 - Remittance Basis: Introduction to the Remittance Basis: Comparisons with pre-April 2008 regime: Other changes - capital gains foreign losses.
Thank you.