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If you inherited a sum of money from abroad (eg. 28,000

Resolved Question:

If you inherited a sum of money from abroad (eg. 28,000 pounds) would this amount be subject to UK Tax?
Submitted: 1 year ago.
Category: Tax
Expert:  TaxRobin replied 1 year ago.

Hello

You don’t usually pay tax on anything you inherit at the time you inherit it. The estate of the person who died usually pays Inheritance Tax.

If you earn interest on the money then that amount would be taxable to you.

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