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Posted Thu, 02 Feb 2023 15:08:15 GMT by Julie Pocock
Money from sale of grandfathers property in India has been distributed to various members of the family upon his death. Tax has been paid in India. Cash is now sitting in Indian bank account. If the inherited cash is transferred to the U.K. will any U.K. tax become due? The person transferring the funds is a British citizen. Sum is around £19k
Posted Wed, 08 Feb 2023 12:20:44 GMT by HMRC Admin 32

There are no Income Tax implications when money is transferred from an overseas bank account to a UK bank account. As regards to any Inheritance Tax implications, you may wish to call our Inheritance Tax team.                                          

Inheritance Tax: general enquiries

Thank you.

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