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Posted Wed, 10 Jan 2024 09:10:53 GMT by Sascha
Hi, I understand that inheritance tax is payed by the estate (at least in the UK that is how it works) and only the remaining amounts are payed to any eligible people after this tax is deducted. In that way if someone inherits something all tax is already payed (assuming no gifts have been made beforehand). I am a German citizen living in the UK and being a UK tax resident and might inherit from my German relatives some time in the future. This might be property but also cash. How will this inheritance from abroad to me be taxed and how do I need to declare it? Especially since the property will never be "brought" to the UK. Thanks!
Posted Tue, 16 Jan 2024 11:10:56 GMT by HMRC Admin 21
Hi Sascha,
Inheritance tax is only due on UK assets -How Inheritance Tax works: thresholds, rules and allowances
Thank you.

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