Overseas property gifted to UK taxpayer

[Lisa Shaw]

Hiya!
I am looking to get my parents affairs in order and would really appreciate some advice (I find tax consultants daunting and the only one I went to see claimed experience but had no idea and just sat there looking things up in books in front of me and reciting with no interpretation!!!)

Well for a hundred pounds less I am posting on this site! Anyway, I am a UK tax payer. What I would really like to know is what, if any, taxation is payable on an overseas property/‘business property’ located in India gifted to me by my mother who is a non-UK citizen/non-UK resident (Indian) but married to my father, a UK national (but still non UK resident)? Is it better to leave it for inheritance? I gather from previous posts on the site that there is no tax for cash gifts (but do they need to be declared??)

I would also like to know if the situation remains the same should money/property be gifted from overseas by my father instead who is a British national but non-UK resident?

Appreciate any help!
Lisa x

[pawncob]

There is no UK tax on the recipient of any gifts from any source worldwide. They don't have to be declared, but as it's a gift of land it must be witnessed in writing.
If neither are UK resident there'll be no UK tax implications.

[Lisa Shaw]

Thank you!