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Posted Thu, 22 Aug 2024 14:45:54 GMT by VVIC01
I have inherited a property in Spain and I have paid inheritance tax in Spain. The house has been sold for the same value as was used in the inheritance tax declaration. There is no profit on the sale. Could you please confirm if I need to report this to HMRC as there would not be any CGT to be paid ?
Posted Thu, 05 Sep 2024 11:20:25 GMT by HMRC Admin 19 Response
Hi,

If the disposal was over £50,000, then yes.

Thank you.

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