Hi -
Please can someone can help me.
My wife has inherited some money from her father who was born in the UK but emigrated to Australia 40+ years ago. He lived there until his death. Her total inheritance is considerably less than the £325,000 sum before inheritance tax kicks in in the UK. Her father's property and all assets were held in Australia and were liquidated. Inhertances of any amount in Australia do not incurr any inheritance tax.
Given that her situation is probably not the norm could someone please confirm that she should would not have to pay inheritance or income tax in the UK?
Many thanks.
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