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Posted Tue, 16 Jul 2024 11:54:54 GMT by Mag Chan
My father is a Canadian and never been to UK. He pass away recently. So after the Canadian inheritance tax that he has to pay, I assume there is no tax impose in UK. However, for the money from Canada to my UK bank account, how should I declare? Will any other UK tax will impose?
Posted Wed, 17 Jul 2024 12:19:24 GMT by HMRC Admin 10 Response
Hi
You would only declare UK assets for IHT purposes. For the inheritance that you received, you dont declare any of the capital but you do need to declare any interest or dividends that his  has generated.

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