HMRC Admin 21 Response

Hi hannah,
As the 2nd property results in a loss, there is no need to report using the 60 day reporting system. you can then claim the loss at the end of the tax year in your tax return.
Thank you.

Hi LDLA HK_UK,
I cannot comment on scenarios. If you dispose of a foreign residential property while resident in the UK, then you may have Capital Gains tax to pay on the disposal.  Any Capital Gains tax is calculated using UK rules, which includes private residence relief.  
Have a look at:  HS283 Private Residence Relief (2024) and Capital Gains Tax.
Thank you.

Hi KuenHK,
You make a NVC in your self assessment supplementary page SA108 and claim losses as a result.  You also need to provide supporting evidence of the NVC along with your tax return. You would only need to complete SA106 if you had overseas income or gains and had tax deducted.
Thank you.

Hi klyveld,
If you have invested the full 20k for this tax year you will now need to wait until after 06/04/25 to open/deposit a new one.
Thank you.

Hi rickpharm,
No matter which house you die in, if still owned by you, they would form part of your estate and may give rsie to Capital Gains if sold after. This is based on current guidance and HMRC cannot confirm this wll be the case for the future.
Thank you.

Hi Sidney,
This would be under the foreign income section. If filing by paper it is the SA106 that you need.
Thank you.

Hi Peter,
That is correct.
Thank you.

Hi Beardysuhz Beardyz,
As your nephew is the beneficial owner, you would not have Capital Gains tax to pay following the change in legal ownership.  Please have a look at CG10720 for more information.  CG10720 - Persons chargeable: beneficial owner.
Thank you.

Hi Richard,
The SA109 would be used to declare that you were either not UK resident or to claim split year treatment. Without it, you are required to declare your world-wide income on the tax return. If split year treatment applies, then you are not taxable on your income before you arrived in the UK.  
The statutory residence tests and split year treatment guidance can be found at RDR3 Statutory Residence Test.
Thank you.

Hi Cilacap,
Yes you need to show the information on the return.  Any increase from the valuation at date of death the date the house is sold is what the gain is calculated on.
Thank you.