I have just come into the understanding that international property should be declared to HMRC, and as of Sept 2017 they will know automatically anyway.
My parents own a property in Europe, are UK home owners and UK residents.
They intend to gift me the property and actually had decided before I became aware of the declaration necessity. What are their capital gains implications if they are gifting to myself?
I will have to declare this, I am aware, but I will be making no rental income abroad.
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