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Posted Fri, 15 Dec 2023 17:57:23 GMT by
Hi im claiming ESA and just found out that i will be getting inheritance of 30k will this affect my ESA claim if i declare it?
Posted Mon, 18 Dec 2023 11:31:52 GMT by HMRC Admin 2
Hi,

Sorry, we can only answer HMRC questions on this forum.

Please contact DWP for advice.

Thank you

Posted Thu, 21 Dec 2023 08:47:46 GMT by
Hi, I have recently received an inheritance from my Uncle who sadly passed away. The inheritance payment (£20,415.91) came from a pension that he had never cashed in as he was only 62. Will I need to do a self-assessment/pay tax on this payment? I am told by the executor that the pension had around £200-£500 interest included in this total and after reading various things online I understand tax may need to be paid on the interest part. Please advise the process if this is the case. Regards
Posted Tue, 02 Jan 2024 12:01:26 GMT by HMRC Admin 21

Hi Lee
As its an inheritance then no, not on the actual payout. the interest received forms part of your personal savings allowance so you will need to declare that but will only need a tax return if your interest is over £10,000.
Thank you.

Posted Tue, 16 Jan 2024 11:41:15 GMT by
Hello, my dad passed away, a few weeks ago, in a foreign country. His will, will soon be actioned. Will I have to declare, to HMRC or any other British authority, any inheritance I am likely to receive? If yes, how long do I have? Thank you
Posted Thu, 18 Jan 2024 11:23:40 GMT by HMRC Admin 20
Hi janga2,
please refer to How Inheritance Tax works: thresholds, rules and allowances
Thank you.
Posted Thu, 08 Feb 2024 05:41:43 GMT by
Hi, my mum and dad both passed away last year, their wills left the estate to myself and my 2 brothers. There was no inheritance tax to pay as it was below the threshold. My mum was the last to die, but before she died she told me she wanted me to give our 3 children (her grandchildren) some of our inheritance, up to £5000 each, and to tell my 2 brothers to do the same with their children. Are we able to do this or would we be liable to tax as it's above the £3000 gift allowance. Thank you.
Posted Tue, 13 Feb 2024 13:49:58 GMT by HMRC Admin 32
Hi morgans4,

No there is no tax to pay on this. It would only then form part of your estate were you to pass away within 7 years.

Thank you.
Posted Mon, 11 Mar 2024 18:06:16 GMT by dml93
I'm a British citizen and I've inherited a property abroad from my late mother who was also a British citizen (she was domiciled in the UK). The property value is £250k. She does not have any other assests in the UK as part of her estate. I understand there is no inheritance tax to pay, as this is below the threshold. Could you help clarify if I still need to declare this to HMRC? If so - which document would I need to complete?
Posted Tue, 12 Mar 2024 09:32:00 GMT by HMRC Admin 2
Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.
Posted Wed, 03 Apr 2024 17:26:47 GMT by Tony
Hi, My father passed away 3 years ago and left a property outside UK with rental income and the inheritance is still waiting the executor to execute the probate. I will inherit this property after the execution. Do I need to declare such income for tax at this moment (but the property is not under my name right now)? or I only need to declare such income after I inherited the property, if so, do I need to declare those rental income arising from that property between the date of my father dead and the completion date of inheritance?
Posted Mon, 15 Apr 2024 09:32:08 GMT by HMRC Admin 32
Hi,

The income will be part of the estate at present. Once it is finalised and transferred to you, you will declare this as foreign rental income in a tax return. As it is not a UK asset, it is not considered for Inheritance Tax in the UK but you may want to check the laws of the country it is in.

Thank you.

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