CGT for overseas property

[Pinecone]

I originated from another country and relocated to the UK 15 years ago. I am now UK resident.
About 20 years ago (that’s before I moved to the UK) my dad gifted me a property in a foreign country. Now, I am thinking about selling it. There is likely to be a good increase in the value over the 20 years.
I understand foreign property is also subject to CGT. But that country has exchange restriction. It’s unlikely I can remit the sales proceed back to the UK. And without the sales proceeds I may not be able to have the money to pay for the CGT. Would HMRC take that into account in charging CGT?

[AGoodman]

Yes, you can get relief under s.279 TCGA 1992:

https://www.legislation.gov.uk/ukpga/1992/12/section/279/enacted

You will need to claim the relief while it remains impossible to remit the proceeds to the UK.

Not certain but I suspect you claim the relief in a tax return. You may be able to do it by letter if you do not submit a return but that's speculation on my part.

[Pinecone]

Thanks