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Posted Tue, 10 Dec 2024 22:41:35 GMT by BrownSauce
Hi, I have an existing ISA account, but have not been able to add new funds for a few years due to not currently being resident in the UK. However, I am due to inherit from my fathers estate, where he held a cash ISA in the UK, and have been asked whether I wish for my share of his ISA account to be transferred directly into my existing ISA account. Whilst I am not resident in the UK, am I able to inherit my father’s existing ISA directly into my ISA account? Thank you
Posted Fri, 13 Dec 2024 12:05:53 GMT by HMRC Admin 20 Response
Hi,
Unfortunately you would not be abe to do this, the inheritance you stand to receive is cash regardless of currently where it sits, so once this is inherited by yourself it is treated as such, so whilst you are a non resident you cannot put this into your own ISA due to the rules on this Individual Savings Accounts (ISAs) If you move abroad
Thank you.

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