Hello,

I was wondering if someone could please advise me.

I have a property in my name in Poland which will be sold on my behalf by a relative over there. The amount which they will receive will be around £12,000, and they will then transfer this through to my current account in the UK. The property is not liable to Capital gains Tax in Poland, but will I have to pay CGT here ?

I have heard that if you receive more than £10000 into your account from abroad, you have to declare the source of this income. If I declare it is from a sold property abroad, would I be required to pay CGT ?

And if the money comes from my relative, then would I declare it as a gift, and would it still be lieble for CGT / income tax ?

Thanks for your help in advance,

Simon