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inherited home as my only home

anishh2003
Posted Thu, 16 Mar 2023 10:26:00 GMT by anishh2003
Hi I am based in UK . I am going to inherit property in India. I dont have a home in UK. So can I classify that as my primary residence before I sell it . So I dont pay tax on it ? Is this a correct assumption ? Does this apply for only land as well ? Thanks
HMRC Admin 25
Posted Wed, 22 Mar 2023 10:45:34 GMT by HMRC Admin 25
Hi anishh2003,

The property has to be used as an actual dwelling house by you in order for this to apply.

Please see:

Capital Gains Manual

Thank you. 

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