Whettem
Joined: 7/31/2024
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CGT calculation on foreign inherited property
Hello, I inherited a share in a flat in Belgium and had to pay inheritance tax to the Belgian tax authorities on this 25% share of the flat. The flat has been sold by all the heirs last year. Can I deduct this inheritance tax paid to Belgium when I calculate the acquisition value? If so, it will reduce the CGT to be paid to HMRC. Thank you for your advice.