Overseas inheritance remit to UK?

[option1]

Hi everyone

I have inherited land in Hong Kong, some of which I wish to sell off shortly. I am a UK citizen and resident here. Upon sale and receipt of proceeds, will I be able to transfer some funds over to the UK without incurring tax? From what I understand, tax on worldwide income or gains are due as they arise. Since Hong Kong has no estate duties, does that mean tax is settled on this matter and that I am free to remit funds tax free to the UK?

Thanks.

[maths]

If you are UK domiciled (or deemed to be so) then on any sale of the land you are exposed to a UK capital gains tax charge on any gain made; the gain, if any, is the difference between probate value and market value on sale.

There will be no UK inheritance tax payable.

You are free to remit the proceeds whenever you choose.