Inheritance tax payable on Canadian estate?

Inheritance tax payable on Canadian estate?

Postby petermjdavies on Fri Aug 14, 2009 3:42 pm

If a UK domicled tax payer inherits money from a Canadian estate, is there any tax liability in the UK on the proceeds received?

Many thanks in advance for any tips or references.
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Re: Inheritance tax payable on Canadian estate?

Postby maths on Tue Aug 18, 2009 11:54 pm

From the UK perspective there are no UK tax liabilities on the inheritance.

If the inheritance comprises, say, Canadian $ which are kept outside the UK and eventually converted into UK £ there may be a possible UK CGT liability if any £ gain arises on the conversion.
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