How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
Ask bigduckontax Your Own Question
bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 9441
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

I recently received funds (approx. GBP 58k) from the sale of

Customer Question

I recently received funds (approx. GBP 58k) from the sale of a house in the UK which had been left to me in a trust by my late grandfather. No inheritance tax was due, but does this trigger the need for me to file a UK tax return or pay income tax on this amount? I am otherwise fully tax resident in the USA and have no other assets or income in the UK.
JA: Which tax year are you filing for?
Customer: 2020
JA: Anything else you want the Accountant to know before I connect you?
Customer: no thank you!
Submitted: 12 days ago.
Category: Tax
Expert:  bigduckontax replied 12 days ago.

Hello,I am one of the experts on Just Answer and pleased to be able to help you with your question.

None whatsoever, inheritances in the UK are tax free in the recipient's hands. There is no requirement to file an UK tax return unless HMRC so require.