Gift of overseas property

My wife's mother lives in Slovenia. She is currently very ill and is looking to sell the family home. In order to make the sale easier, she is considering gifting the property to my wife and her sister, who will shortly therafter sell it. This raises a few questions. 1. Would any tax be liable upon the receipt of the property as a gift? 2. Would any CGT or other taxes be liable upon the sale of the house? Given that the house will most likely be sold shortly after if it gifted it is unlikely to have changed much in value. What, if any, evidence would be required to assess any liability? 3. It is, sadly, quite likely that my wife's mother will die after making the gift. Will this have any consequences for inheritance tax bearing in mind the timing of the gift? What is the threshold here? 4. Both of us are on PAYE tax so have little to do with HMRC. How do we go about reporting any of the above?

Hi,
If the house is gifted, capital gains will be due once the property is sold by your wife and her sister if there is any increase in the value between the date of transfer and date of sale.
There is no Inheritance Tax in the UK but you may wish to check with the authorities in Slovenia.
If any gain is due, please refer to the following guidance:
Report and pay your Capital Gains Tax
Thank you.