Capital Gains Tax on the sale of a house inherited in India

My father purchased a house in India in 2005 for GBP 500,000/-. I inherited it in 2023 when its value was GBP 1 Million. If were to sell it now for GBP 1.2 Million, could you please guide me what would be capital gains tax payable by me per UK Tax laws in the following two scenarios: 1. The proceeds of the sale are left in in India i.e. not brought into the UK or 2. The full sale amount is transferred to my UK bank account Thanks and regards

Hi,
When it comes to calculating the capital gain, it is the disposal value minus allowable costs. Allowable costs are the inherited value and the disposal costs such as solicitors fees, estate agent fees and auctioneer fees. What remains is the chargeable gain. You can use the calculator below to work out your gain:  
Tax when you sell property
Please note that all of the figures used in the calculation, must be in pounds sterling. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
and for older rates here:
Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing.
Please note that the disposal must be reported in a Self Assessment tax return.
Thank you.