BRoad
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Capital Gains Tax on overseas property
I sold a property overseas in May 2024, which I inherited. I never lived in it.
What rate of capital gains tax do I pay? Is it 10% or 18%.
It is not a UK residential property so does it come under 10% rate of 18% rate?
Or is it 18% regardless of where the property is?
I am a basic rate tax payer and the proceeds will not push me over into the higher rate of tax.