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Posted Mon, 03 Jul 2023 12:58:33 GMT by igys
I received a money gift from my parents, who are domiciled (and resident) abroad. It came from their non-UK assets. I transferred it to the UK and used it to buy a house here. Will the inheritance tax be due if my parents die within 7 years of giving me the gift?
Posted Fri, 07 Jul 2023 13:35:00 GMT by HMRC Admin 20
Hi igys,

If an estate exceed the thresholds, UK Inheritance tax is paid by the estates of someone who is UK domiciled, even if they are not resident in the UK, when they die.  
Non Uk residents would only be subject to inheritance tax in the UK, if they had  UK assets at their time of death.  
There is more information at When someone living outside the UK dies.

Thank you.
Posted Fri, 07 Jul 2023 14:29:19 GMT by igys
Thank you for the message, but unfortunately it doesn't answer the question asked. My question related to the situation where there is a gift between a person that's not UK-domiciled and not UK-resident to a person who is a UK-resident, and the gifter dies afterwards. Thank you.
Posted Mon, 10 Jul 2023 08:56:02 GMT by HMRC Admin 19
Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.
Posted Mon, 10 Jul 2023 11:16:50 GMT by Cosimo Lupo
IHTM27212 from Inheritance Tax Manual (https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm27212) says: > Unsettled property that is situated (IHTM27071) abroad at the time it is transferred is excluded property if the beneficial owner (IHTM04031) is also domiciled (IHTM13000) outside the UK at that time. I suppose this should also be relevant for a money gift from parents, if both the money and the parents are domiciled abroad at the time of the transfer?
Posted Thu, 13 Jul 2023 14:03:31 GMT by HMRC Admin 8
Hi,
If the gift came from UK assets, there may be inheritance tax payable by the deceased estate.  
If the deceased has no UK assets, when the gift was made, there is no inheritance tax.
Thank you.
Posted Fri, 14 Jul 2023 12:12:27 GMT by HMRC Admin 8
Hi,
That is correct.
Thank you.
Posted Sun, 26 Nov 2023 18:14:08 GMT by Saima Irfan
My parents who were Pakistani national and residents, have both passed away. They have left myself and my siblings inheritance. What's the best way to bring cash to the UK? Is there a limit on how much I can bring in one trip or can I transfer it all through my bank in Pakistan to my bank in UK? Am I liable to pay any tax on it in uk? What proof of any do I need to provide in the UK? Thanks
Posted Wed, 29 Nov 2023 12:51:39 GMT by HMRC Admin 25
Hi Saima Irfan,
The guidance below explains the rules on bringing cash to the UK.
Take cash in and out of the UK                                     
From a tax perspective, there are no Income Tax implications when you transfer funds from an overseas country to the UK.
However, any interest or dividends generated may be taxable.  
Tax on savings and investments: detailed information
Thank you. 
 

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