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Posted Wed, 21 Aug 2024 17:34:38 GMT by chelis
hi, my mom is looking to gift me part of a property abroad. she is not UK resident nor citizen. the property is not in any UK land. the property in question is her main residency. I am, however a UK resident. does this have any impact on income or capital gains? inheritance tax? thanks
Posted Thu, 05 Sep 2024 07:27:58 GMT by HMRC Admin 19 Response
Hi,

Not unless you receive income from the property or sell it then you will need to report this.

Thank you.

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