Thank you very much for your prompt response. Could you please clarify if a UK citizen domiciled in the UK needs to pay inheritance tax when inheriting an overseas estate from parents who are non-UK (i.e., Indian) citizens domiciled outside the UK?
I am a naturalised UK citizen and my mother who is an Indian citizen would like to gift me some money. Could you advise me if there are any cap on the amount of funds she can gift to me in a year, any tax implications I need to be aware of, or regulations I need to comply with when the funds are transferred to my UK account? Would be grateful for any assistance you can provide on this query.