RE: inheritance tax on cash from parents based overseasHi, thank you for the response. I was told the inheritance tax in The UK is taxable at 40%, does it mean this applies only on inheritance from UK estate, not inheritance received from abroad? I just want to clarify. Thank you
inheritance tax on cash from parents based overseasHi, My parents are Canadian, reside in Canada and I'm dual citizenship, British and Canadian, reside in the UK. My parents included me in their will to inherit one million two hundred thousands Canadian dollars. What tax will I have to pay in the UK on this sum? Thank you.