Clarification on rules when receiving inheritance from abroad

I am currently living in Edinburgh, UK. If I receive an inheritance of assets based in Germany from my father who has not ever lived in the UK and is a Swiss national. Do I need to pay inheritance tax on money or properties received?

Hi Mark,
You will not pay inheritance tax as they are not UK assets.
You will need to declare any income that is then generated from these assets and also if you sell the property, Capital Gains Tax may be due.
Thank you. 

Good afternoon, I live in the UK and I pay my taxes in the UK. My parents have never ever lived in the UK. When they pass away, will I need to pay inheritance tax on money and any of the properties my parents have in Spain where they reside? Apart from your response which I do appreciate, I would also like to know if I could I get a binding response from HMRC? where could I contact HMRC for this binding response? Thank you so much Alf6600

Hi,

Please refer to below link for Inheritance Tax.

How Inheritance Tax works: thresholds, rules and allowances

The address for writing can be found here:

Inheritance Tax: general enquiries

Thank you.

Hi There, If I receive an inheritance of properties located in Cyprus from my parents who live in UK and pay tax in UK, Am I liable for UK inheritance tax rules or Cypriot Inheritance tax rules?

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.

Hi there, I am due to receive some inheritance from Australia. How do I inform HMRC, so that I am not taxed on it? Thank you.

Hello, I hope someone can help me with this query regarding inheritance tax. My father, who resides in Switzerland, is considering transferring ownership of his house in Switzerland to me and my sibblings. I am currently living in the UK. I would like to understand the tax implications of this transfer, specifically concerning inheritance tax. Will the property in Switzerland be subject to UK inheritance tax, given that I am domiciled in the UK? Are there any specific provisions or reliefs under the double tax treaty between Switzerland and the UK that I should be aware of to avoid double taxation? How is “immovable property” defined in this context, and are there any particular considerations for usufruct or other rights associated with the property? Any guidance or advice on this matter would be greatly appreciated. Thank you.

Hi Maxime Chollet,
You will not pay Inheritance tax as they are not UK assets.
You will need to declare any income that is then generated from these assets and also if you sell the property, Capital Gains Tax may be due.
Thank you. 

 

A new question. Additional inheritance tax paid in spain as domiciled in the UK. Should it also be declared on your self assessment? If so, which section of the form? Payments were made in different transactions some meeting tax thresholds others not. Thanks

Hi ,
 

Inheritance tax should not be declared on your personal tax return  . Thank you .

Hi, Parent domiciled abroad non UK resident wants to make a substantial money gift to me, a UK resident (£60000). Will I have to pay inheritance tax on this, should they pass away within 7 years? N.b the total value of their estate will be over the threshold, but these are not UK assets and parent is not a UK resident. Many thanks.

A parent non UK resident and domiciled abroad transferred assets to a child, a UK resident at the time. A year later the parent came into UK to be cared for by the child, through adult dependent resident visa. What is the inheritance tax situation in this case?

Hello, I live in the UK and a British citizen. My parents passed away in India and they have never lived in the UK. I sold their property in June and paid Capitals Gain Tax in India of 23.92%. Is there any tax due in UK? Thanks

Hi Popokatepetl,
Please contact our Inheritance Tax team for advice with regards to both your questions.
Inheritance Tax: general enquiries
Thank you.

Hi,
Please see the link below
Capital Gains Tax: what you pay it on, rates and allowances: Reporting and paying Capital Gains Tax
Thank you

Hello I’ve read all the CGT guidance but it does not mention anything on double taxation relief. It’s a lot of money to pay twice even though I might be able to claim it back after I’ve paid. Is there any guidance regarding double taxation relief on CGT as I’ve already paid in India.

Hello. My Spanish mother died in Spain and she left a cash sum. How can I prove its provenance if there is no executor and the money obviously is not registered in the bank? I want to bring the money to the UK. The money comes from the sale of an apartment (paid in cash) and held at home for almost 10 years.

If I live in the UK and i have an inheritance from my parents who lived in Malta all their lives and I have also paid inheritance tax on the estate in Malta, as per Maltese inheritance tax laws, would I also need to pay inheritance tax in the UK? Thank you

Hi Rickinder Singh ,
You can see guidance here:
Tax on foreign income
Thank you.