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Posted Thu, 19 Dec 2024 18:01:23 GMT by Andrea Farina
Dear team, I have inherited money from a relative outside the UK and also a piece of land and a share of household that I then ended up selling to my living relatives. I sold the land for a lower price than its current value. Meanwhile, the house share was sold for the current market value for that property, as soon as I inherited the share. Do I own any capital income tax for both of these selling? If not, do I still have to declare it to HMRC? Thanks, Andrea.
Posted Tue, 07 Jan 2025 12:22:15 GMT by HMRC Admin 19 Response
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances. You can see guidance below, including the online tool to ascertain if anything is due or not:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

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