Anna Ku
Joined: 3/23/2024
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Inheritance and sale of a property in Poland whilst being UK resident
Hi, I am a Polish national but have lived in the UK for over 10 years and I pay my taxes here. My parent has included me as the only beneficiary for the property they own and live in in their will. What are the tax implications for me here in the UK for the two scenarios whilst I become the only owner of the property when they pass away: 1. I keep the property and rent it in Poland generating a monthly income 2. I decide to sell the property and transfer the monies into my UK bank account. Would either of these two scenarios attract any tax?