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Posted Fri, 30 Aug 2024 19:53:19 GMT by DRamos90
I am UK citizen. My grandma is a Spanish citizen and has transferred her home in Spain into mine and my brother's name with a view to selling it. If the property is sold and the proceeds are paid to my UK bank account, is there any tax due on the proceeds in the UK? Presumably capital gains applies on any interest that may accrue before it is transferred, but is that it? Thank you
Posted Wed, 11 Sep 2024 07:44:41 GMT by HMRC Admin 25 Response
Hi DRamos90,
If sold, you may be liable to Capital Gains tax on your share:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you. 
 

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