There’s normally no Inheritance Tax to pay if:
Funds from the estate is used to pay Inheritance Tax to HM Revenue and Customs (HMRC). This is done by the person controlling the estate (executor).
There usually is tax if the estate’s worth more than £325,000.
The executor has 1 year from the date of death to fill in Inheritance Tax forms if there’s Inheritance Tax to pay.
When there’s Inheritance Tax to pay, it’s usually charged at 40% on the value of the estate above the threshold (£325,000).
If the person who died inherited something from another person’s estate in the 5 years before they died, they can claim Successive Charges Relief. The house inherited 8 years ago does not meet this.
The UK estate is not liable to US tax.
Individuals who are not domiciled in the U.S. can be subject to U.S. estate tax. However, their estates are subject to estate tax on specific U.S. assets only, not worldwide assets.
Even if a person is an ex***** *****ving outside of the UK, they will still be subject to inheritance tax in the UK if they are deemed to be of a UK domicile status.
If they've got a non-domicile status in the UK, only UK based assets will be liable to inheritance tax in the UK.
You are most welcome.