Selling Inherited Property Overseas And Bringing Funds to UK

[adil21]

I am a dual national British and Pakistani. I am domiciled here and reside in the UK. I am a British tax payer. My parents passed away in Pakistan and I have inherited what was my family home there. If I sell that and want to bring the funds into the UK would there be any tax liability due on the proceeds of that sale. I am a pensioner here and already have investment property I would use the funds to buy more investment property.
Any advise would be appreciated.

[bd6759]

You will be deemed to have acquired the property at its value at the time of death (the "probate value" as it is called in England & Wales). If you sell the property for more than that value, you will be liable to capital gains tax. It would not matter whether you brought the funds to the UK or not.

[adil21]

Thankyou for your advice.