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Property abroad for deposit
Nikado
Posts: 3 Newbie
Would be grateful for advice.
I have a small property abroad which I'm selling to get the required deposit for my first morgage. The property is a gift from my parents who are now deceased.
Would I be expected to pay any tax or any kind of duty on the property here in the UK?
What evidence would I have to provide to solicitor of the source of the money? My broker was quite vague about this but I'd like to understand exactly what documentation would be required so that I could prepare now whilst still selling.
Many thanks
I have a small property abroad which I'm selling to get the required deposit for my first morgage. The property is a gift from my parents who are now deceased.
Would I be expected to pay any tax or any kind of duty on the property here in the UK?
What evidence would I have to provide to solicitor of the source of the money? My broker was quite vague about this but I'd like to understand exactly what documentation would be required so that I could prepare now whilst still selling.
Many thanks
0
Comments
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Any documentary evidence of the transfer of the property from your parents to yourself?0
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I don't think I do actually, as it was 10 years ago and law were so different at the time.0
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