UK National Working in Maldives

[dj1978]

I am a UK national currently working in Maldives and will be for at least the next 18 months. I have completed a p85 form stating this and I have rental income in UK which I have declared to HMRC.

My parents are retired, living permanently in Malaysia since 2007 and I believe are still UK domiciled. They have land in Malaysia which they wish to sell.

The sale of this land could produce a substantial amount of money and, due to my location (Maldives accounts have excellent interest rates) they have it in their head to hand me the money from this land and place it in my Maldives account and take advantage of the interest (or I open an account for them).

What are the implications for me, inheritence tax? 7 Year rule? How do I stand if I wish to transfer money from this account to UK does it have to be declared?

What other options are available not nessessarily for me but for my parents.

Thanks in advance.

Dave