Thank you for the reply. Yes, she also owned a property in London which took the total value of assets over the threshold for inheritance tax in the UK.
Just to be clear, you don't pay capital gains on land if there is no property built on it? Sorry for what must seem like a stupid question!
Search found 2 matches
- 13 Jan 2021 18:54
- Forum: Selling Property
- Topic: Selling inherited land in Cyprus from the UK
- Replies: 3
- Views: 7833
- 13 Jan 2021 17:07
- Forum: Selling Property
- Topic: Selling inherited land in Cyprus from the UK
- Replies: 3
- Views: 7833
Selling inherited land in Cyprus from the UK
Hi there, My grandmother passed away about 12 years ago and left some land in Cyprus to my dad in her will. The will has all been dealt with and inheritance tax paid where applicable when it first happened. My dad is just selling the land now and the sale is currently going through. Is capital gains...