Hi, I had been to UK for about 2 years. And my dad died recently. He lived outside UK and didn't have any assets in UK. All assets are outside UK, including properties, shares, bonds, bank savings.
From my understanding, I don't need to pay any inheritance tax, because he was not UK domicile resident.
However, I'm not sure, if I want to transfer his money in bank aboard to my UK bank, will I be subject to any tax? Remittance Tax? Income Tax? Gift Tax?...or other tax?
And how about the properties outsides UK? If I want to sell it, will I be subject to any tax?
I also check in the official website but can't understand specifically: https://www.gov.uk/inheritance-tax
And shares and bonds cfo ? If I sell them and transfer money to UK?
will I be subject to any tax? And which parts do I need to report to HMRC?
Thanks in advance for your advices.
From my understanding, I don't need to pay any inheritance tax, because he was not UK domicile resident.
However, I'm not sure, if I want to transfer his money in bank aboard to my UK bank, will I be subject to any tax? Remittance Tax? Income Tax? Gift Tax?...or other tax?
And how about the properties outsides UK? If I want to sell it, will I be subject to any tax?
I also check in the official website but can't understand specifically: https://www.gov.uk/inheritance-tax
And shares and bonds cfo ? If I sell them and transfer money to UK?
will I be subject to any tax? And which parts do I need to report to HMRC?
Thanks in advance for your advices.