No Capital Gain from Overseas property

Hi, I am a UK taxpayer with pre-settled status and have inherited a portion of my grandmother's property located in Italy, where she resided throughout her life. Currently, I'm preparing to sell the property and have utilised the Capital Gain Tax calculator which indicates that there is no capital gains tax to pay. Given this scenario, I would appreciate clarification on the following points: - Is it necessary to declare it even if there's no gain? - If declaration is required, what is the procedure for someone who isn't self-employed, and what is the deadline? - Finally, which documents need to be included with the declaration? Thank you.

Hi,

If the Capital Gains Calculator indicates that there is no Capital Gains Tax to pay on ther sale of your grandmother's Italian property, and you are not required to complete a Self Assessment tax return for any other reason, then you do not have to report the transaction to HMRC.

Thank you.