chalmers4c

I am writing to seek clarification regarding inheritance tax obligations and the treatment of overseas assets under the UK tax laws. I am set to inherit several assets located outside the United Kingdom (Macau), and I would like to ensure that I comply fully with all relevant regulations. I am a UK citizen and work in the UK, while my mother was not a UK citizen and did not work in the UK. The assets I will inherit include: 1. Stock shares that yield dividend income. 2. Fixed saving accounts that yield interest. 3. £20,000–£30,000 in cash held in an overseas bank account. 4. An apartment valued at approximately £300,000. I have the following questions regarding these assets: 1. Do I need to declare these overseas assets to HMRC? 2. How will the UK tax these assets, particularly regarding inheritance tax, income tax on dividends and interest, and capital gains tax (if applicable)? 3. If I decide to transfer the cash from overseas to the UK (under my father’s name, as he will process this), will this transfer be subject to any additional taxes? I would greatly appreciate it if you could provide guidance on these matters or direct me to the relevant resources or departments for further assistance. Thank you for your time and help. I look forward to your response.