CGT Understanding

Hi Good day, Request clarity on dual taxation with India. If I am a British citizen, living in UK but inherited shares or bought shares in India and decide to sell them? What is the CGT I have to pay In the UK? In India I have to pay 12% on Long term and 20% on short term? Does one pay the difference between 20% UK less 12% already paid in India as there is a dual tax treaty or the full 20% in UK plus the 12% in India?

Hi,
You will be liable at the UK rate but can claim foreign tax credit relief for the Indian tax paid to reduce your UK bill.
Thank you.