Dorset12 Dorset12

Thank you so much for this. I am facing some difficulty in that I cannot get estate agents out to the property as it is so rural. I have an estate agent who is acting to sell the property for me. Can I use this same estate to give me a valuation of the property at the time I inherited it or would this be a conflict of interest? I am a bit stuck otherwise. The gain is likely to be in the thousands rather than tens of thousands.

My mother bought some land in a rural part of India in 2017 and built a small house on it in 2018. This was a second home. She died on 9 May 2022 and I inherited it. I would like to sell the property. My understanding is that for UK tax purposes, my gain is calculated from what the property was worth on the date of death to the date of disposal. There is actually very little gain as the house is in a rural area but I still need to report it. I need to get a valuation done for what the property was worth on 9 May 2022. However there is no equivalent of Royal Institute of Chartered Surveyors in India. I would like to know who HMRC accepts as a professional valuer in India. Thank you.