I have a client whose dad died in 2014. His dad left a will in UK and probate was completed in 2015. The dad was born in India but lived in UK for 20 years. I am not sure if domiciled in UK or India
While all the other assets have been distributed in UK, there is one Indian property that has caused some rumpus amongst my client siblings. The property was supposed to beeen split equally but my client disagreed and took legal action hence the delay in selling the property. They have now agreed to sell the property in 2019.
Once the property is sold it maybe liable for capital gains tax but I assume the cost basis for the calculation will be the value at probate ? Any increase in value will be liable for tax in UK and India. The Indian Capital Gains tax can be offset agaist the UK tax under the DTA.