uk_resident
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RE: Anglo German inheritence : Taxation
Hi, could you please review and correct your reply, as I think you wanted to say that UK Inheritance is only paid on UK assets, rather than UK tax. If this is correct, could you please confirm that after paying inheritance tax in Germany there is no UK tax payable on the property, as it cannot become a based UK asset. I believe your linked information doesn't makes it clear with a simple statement. How would rental income from the German property have to be declared in the UK and is there a choice as to where it is taxed ? -
Anglo German inheritence : Taxation
As a UK resident I am due at some point to have an inheritence in Germany from my germany resident father. This involves property to my UK resident adult children and ongoing income to me. I believe we will be liable to German inheritence tax, but need to clarify our UK tax obligation. Any advice and recommendation for next step to get a confirmed picture ?