inherited home as my only homeHi I am based in UK . I am going to inherit property in India. I dont have a home in UK. So can I classify that as my primary residence before I sell it . So I dont pay tax on it ? Is this a correct assumption ? Does this apply for only land as well ? Thanks
RE: Tax rule while transferring money from India to UKI am inheriting property from my parents in India , which I am then looking to sell . Do I have to pay IHT or any tax in UK after I pay tax in India ? Is there a threshold which is tax free on the money got from the sale?