UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
Thanks for your question
What date was the house sold in the UK and do you plan to return to the UK to live within the next 5 years?
Between 2007/2008 and the date now - how many days per tax year have you spent in the UK (Uk tax year runs from 6 April to 5 April)
Please advsie the information for both you and your wife
Hi Andy and Heather
Thanks for your response and the additional details
Then you will have a small capital gain consideration from 06/04/2015 to the date of sale 23/04/2015 due to the change of legislation of property sales in the UK and non resident sellers.
You should have notified HMRC of this sale within 30 days of the disposal so there may be a late fine arising and this will apply to each of you. (£100 each) However I imagine the actual increase in value for just 17 days is negligible
But you will need to get a post valuation as the value was at 06/04/2015 to establish whether a gain did arise -
I have added the link here that provides details of how you should proceed
So report the disposal first then HMRC can send you details of the appropriate reference number - but I imagine you are already within self assessment as you had rental income to declare over the past few years.
Do let me know if I can assist further
Thanks for your response -
As this is a new question re the rental income I can either
1) Send you an additional services request for a new question
2) You can list this as a new question
This requirement is as per Just Answer policies I am afraid.
Do let me know how you would like to proceed.
Thanks for your response
With you posting a new question you sent the price - and experts can choose whether they are willing to answer for the price offered
With the additional services I would set the price at what I feel is fair and you then choose to accept or not
As yet - this question has not been accepted - or rated which will ensure that Just Answer credit me for my time