In the UK, you do not pay Stamp Duty, Income Tax or Capital Gains Tax immediately if you inherit a property. You will pay taxes on the profit or gain when you sell the property.
The same applies for India, when the property is sold, tax will be due on the gain of the sale. The holding period (period for which the property was held by you and the deceased) will determine if capital gains will come under long-term capital gains tax or short-term capital gains tax. To qualify for a long term capital gain in India, you must hold the asset for more than 24 months but that holding period includes the holding period for the decedent as well.
So inherited property, in both India and the UK will be subject to capital gains tax in the according country when sold.
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