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Posted Mon, 06 Jan 2025 14:02:10 GMT by BRoad
I sold a property overseas in May 2024, which I inherited. I never lived in it.
What rate of capital gains tax do I pay? Is it 10% or 18%.
It is not a UK residential property so does it come under 10% rate of 18% rate?
Or is it 18% regardless of where the property is?
I am a basic rate tax payer and the proceeds will not push me over into the higher rate of tax.
Posted Thu, 16 Jan 2025 17:07:04 GMT by HMRC Admin 13 Response
Hi
Please see guidance at Tax when you sell property: What you pay it on and the following pages.
Thank you
 

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