Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I am one of the experts on Jjust Answer and pleased to be able gto help you with youjr question.
Yes, if it was not your sole or ,main domestic residence.
Then you merely tell HMRC that you have disposed of your sole or main domestic residence.
When did you leave the UK?
Can you give me a detailed history of your ownership of the property. date of purchase, date of sale, your occupation period, the cost of the property and what you sold your share for. Did you own 50%?
How much was the property worth in April 2015?
I will take a look at this tomorrow. There is quite a lot of work involved so I may need to make a premium service offer for your consideration.
It means I will have to charge a higher fee.
Were you non-UK resident when the property was sold in December 2019?
In that case, there is work involved in calculating the gain, choosing which of three methods to use and completing the non-resident CGT return and the tax due.
January is my busiest month of the tax season as the deadline for submission of 2019 tax returns is 31 Janaury. Therefore, my time is limited. I would charge a regular client of mine £250 for this type of work but as I don't have to account for overheads, I would anticipate a further fee of £$75 of which I would get half.
If I make the offer and you accept it I may have more questions.
Let me take a look at your summary.
I've reviewed the summary and re-entered the figures in my own version so I could see the three options. It seems to seems to me that you are on top of this. All you need to do is complete the NR CGT return. Have a go at that and I'll be happy to help with no extra charge.
Have you completed the NR CGT return?
You need to attach the gain calculation to it.
The 10 digit UTR is on the top left of your page 1 of your tax return.
Did we not do a tax return for you before?
Have you ever completed a self-assessment tax return?
That's for a different NRCGT return so you don't use that.
As you have no UTR put None.
It makes no difference if you sold a property to your ex-husband before.
I will get back to you on the gain figure to disclose in the second box.
The figure is £4,209.
I don't follow. Why would you put a star next to a figure?
The gain goes in the second box as I said before.
The tax figure of £757.62 goes in the seventh box.
I'm just following up to find out if my answer helped or if you have any further questions. If not, would you mind rating my answer so that I get credited for my work.
You can still ask follow up questions here after you accept an answer.