Rajkumar
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RE: Inherited property abroad capital gains calculation
Thank you In India there are certified valuers who value the property and this is used to pay capital tax in India Would that certificate be enough for the hmrc Or the evidence of tax paid in India enough for hmrc to calculate the tax owed in uk after taking into consideration the double tax treaty which exists -
Inherited property abroad capital gains calculation
I have inherited parents property in India after their death about 5 years ago.(both non uk domiciled) It has been lying vacant and now we as a family have agreed to sell . The property is very old and was gifted to my mother in the 1960's. so we dont have a purchase price . for purposes of capital gain tax calculation in India a valuation has been done for year 2017 will this valuation be accepted for capital gains tax calculation in the uk as well ?