Grandmother wants to give me a few hundred K

[XR101]

My dear grandmother who lives abroad wants to give me a large sum of money, 6 figures.

I would consider it a gift/inheritance. Would I be liable for ANY tax although she is alive now?

Any advise on how to minimize tax for this?

[AGoodman]

We need more information, chiefly:

1. Where does she live;
2. Where is the money; and
3. Where is your grandmother domiciled (for starters, where is she from, how long has she been where she is and does she intend to stay there).

[XR101]

We need more information, chiefly:

1. Where does she live;
2. Where is the money; and
3. Where is your grandmother domiciled (for starters, where is she from, how long has she been where she is and does she intend to stay there).

1. She is a non UK national residing in Iran.
2. Money is abroad - outside of UK/EU.
3. Resident of Iran, lived there since birth, and intends to stay there for good.

In her opinion and own words she reckons she has at least 10 years left knowing her own health and how long her siblings lived.

[AGoodman]

In that case, there should not be any UK IHT as the cash will be excluded property and therefore not covered by IHT.

I don't know whether there is any tax in Iran. They definitely have an inheritance tax and I suspect they may have a gift tax as well.