attachly
Joined: 9/22/2024
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Capital Gains Tax on the sale of a house inherited in India
My father purchased a house in India in 2005 for GBP 500,000/-. I inherited it in 2023 when its value was GBP 1 Million. If were to sell it now for GBP 1.2 Million, could you please guide me what would be capital gains tax payable by me per UK Tax laws in the following two scenarios: 1. The proceeds of the sale are left in in India i.e. not brought into the UK or 2. The full sale amount is transferred to my UK bank account Thanks and regards