Ahmad A

Thanks a lot for your reply .. So my parents are in Pakistan. So no implications for their UK taxation. For me, you said I will declare the Capital Gain Tax in my Self Assessment. But that will be when I sell the property. right ?? So going back to my questions that; Do I need to report this "at this stage" to HMRC? Is the answer that I do not need to report it now? Thanks again.

Hello HMRC, looking forward to response on my above question. Thanks..

Hello HMRC, My parents have transferred some property in my name in Pakistan. Approx value is £100,000. Can you pls help with following questions: 1. Do I need to report this at this stage to HMRC? 2. If answer to above question 1 is Yes, then do I need to report through self-assessment or some other way? 3. If I sell the property at a later stage and my parents are alive at that time, do I have to pay Capital Gain Tax at that time? And how does it change otherwise? Thanks a lot.