the_sam_t

My wife's mother lives in Slovenia. She is currently very ill and is looking to sell the family home. In order to make the sale easier, she is considering gifting the property to my wife and her sister, who will shortly therafter sell it. This raises a few questions. 1. Would any tax be liable upon the receipt of the property as a gift? 2. Would any CGT or other taxes be liable upon the sale of the house? Given that the house will most likely be sold shortly after if it gifted it is unlikely to have changed much in value. What, if any, evidence would be required to assess any liability? 3. It is, sadly, quite likely that my wife's mother will die after making the gift. Will this have any consequences for inheritance tax bearing in mind the timing of the gift? What is the threshold here? 4. Both of us are on PAYE tax so have little to do with HMRC. How do we go about reporting any of the above?