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Foreign Inheritance Reporting

k.jordanmann
Posted Wed, 06 Jul 2022 15:54:58 GMT by k.jordanmann
Is foreign inheritance reportable even if its held in a bank account overseas? Is so, what currency exchange rate is used to convert foreign payments into GBP?
HMRC Admin 24
Posted Thu, 07 Jul 2022 13:43:02 GMT by HMRC Admin 24
Hi,

You would only report any interest/dividends that the inheritance generates.

Please refer to the exchange rate table attached:

Exchange rates from HMRC in CSV and XML format

Thank you.

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