Thanks so much for your response. I have looked into the Guidance you kindly directed me to, but I'm still very confused. From what I gather, I should pay Capital Gains Tax if A) My dad was domiciled in the UK (which he never was) or if, B) His properties were domiciled in the UK (also not the case). Am I understanding this correctly?
Also, do I need to find an accountant for this? I have spent quite a bit of time searching for one online but it's hard to find someone that seems to reliable/have the relevant expertise.
Hello, I'm a UK resident. My dad, who was a Mexican citizen died in Mexico and I inherited two properties from him.
The properties are now in the process of being sold and when that happens, will I need to declare this money when I receive it?
I know Mexico will tax me from bringing the money to the UK but I don't know if I will need to pay taxes here in the UK as well or if there is anything I can do to avoid double taxation?