Carmen Zahra

My two siblings and I have inherited an apartment in Malta following the death last year of our father. His main residence was in the UK and that property was sold at a price below that presented within Probate. The Maltese property was valued last year for Succession purposes at €190,000. We have paid Maltese inheritance tax on that value. I am just about to commence marketing the property with an agent in Malta at €200,000, although I’m not expecting to achieve that price. I understand that because this property was not a main residence we will need to pay CGT in the UK. How do we work out what the CGT will be? Thank you in advance.