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Posted Fri, 01 Mar 2024 20:16:19 GMT by AshB
My father was domiciled abroad (Spain) and all his assets are in EU countries. I understand that this means I don't have to pay any tax on the inheritance I receive. Two questions: (a) do I still need to declare the money received even though its not taxable? (b) some of my inheritance is my share of the proceeds from the sale of his flat. Is this treated any differently because it involves the sale of property (eg. does Capital Gains Tax apply in any way?) Thanks
Posted Tue, 05 Mar 2024 11:45:26 GMT by HMRC Admin 32 Response
Hi,
  1. You dont need to declare the inheritance.    
  2. You would only declare this if the flat was actually left to you and it is you who has sold it as this would be a capital gain.
Thank you.

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