anishh2003
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inherited home as my only home
Hi 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 UK
I 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?