Rego
Joined: 4/18/2023
-
CGT on family property gifted to me abroad
Dear Sir or Madam, My parents in Hungary are considering gifting our family home to me and my brother. This is not inheritance, and would not involve any cash transaction; this just means that the property in Hungary (EU) would now belong to me and my brother. I am a UK tax resident and I am wondering if this has any tax implications for me in the UK? I would really appreciate your advice! All the best,