UK Inheritance tax on beneficiary (for assets based in India)

Dear Sir / Madam, I wanted to clarify 3 inheritance tax questions. My circumstances are as follows: Indian passport holder Arrived in the UK Sep-2014. Undergraduate student from Sep-2014 to Jul-2017. Received Indefinite Leave to Remain in Oct-22. I could inherit the following in India from my parents: a residential property, a small office, a few pieces of jewellery, and some stock market holdings. Could I please confirm the following: 1) As I am a foreign beneficiary and these assets are based in India, would my parents / the estate pay inheritance tax in India at the Indian IHT rates or would I pay IHT at the UK 40% rate (provided these cross the £325k threshold)? 2) Would the answer to 1) change if I spent 15 of the last 20 years in the UK and got domiciled here? If so, could you please tell me how? 3) Would the answer to 1) change based on whether I bring the cash proceeds from any of these assets to the UK? Thank you so much for your time and consideration.

Hi,

For advice on this matter, you will need to contact the Inheritance Tax team:

Inheritance Tax: general enquiries

Thank you.