Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 04 Jul 2024 14:18:57 GMT by Tax 24
Hello, Can you confirm that I do not need to pay any CGT in the following scenario? I am a UK tax payer and resident in the UK. Received a property in Germany as a gift longer than 7 years ago Mother in Germany was usufrutuary from moment property was gifted Mother gave up right of usufructuray upon sale of property for which I received all proceeds in Germany & my mother got nothing. I believe I do not need to pay CGT as my mother was the beneficiary owner and I only benefited from the gift after the sale of the property. Many thanks
Posted Wed, 10 Jul 2024 11:23:52 GMT by HMRC Admin 21 Response
Hi Tax 24,
Please refer to the following Guidance - Tax on property, money and shares you inherit.
Thank you.

You must be signed in to post in this forum.