USA Inheritance Tax


Joined
Aug 2, 2022
Messages
1
Reaction score
0
Country
United States
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.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Inheritance Tax 56
Inheritance Tax 7
Inheritance tax 10
Inheritance Tax 5
Inheritance tax 30
inheritance tax 11
Inheritance taxes 10
Inheritance Tax 48

Top