CGT or IHT on death of spouse (foreign nationals who own property in UK)?

My wife and I are USA citizens and residents who jointly purchased a holiday home in the UK in 1997. Sadly, my wife died in 2024. Do I need to notify any UK tax authority? Does her death trigger any capital gains or inheritance tax now?

Hi Dennis,
If the holiday home was for personal use only you do not need to update HMRC with her details.
If it was a rental, you need to contact us direct as personal details should not be posted on the forum.
Capital Gains Tax and Inheritance Tax depends on whether you own the property as joint tennats ot tennats in common.
If joint tennats, you do not need to do anything.
If tennats in common there may be Capital Gains Tax implications and you should contact HMRC direct.
Thank you.