This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

What tax is due on a Canadian cash inheritance

Tumbleweed
Posts:2
Joined:Tue Nov 14, 2017 4:23 pm
What tax is due on a Canadian cash inheritance

Postby Tumbleweed » Tue Nov 14, 2017 4:28 pm

I am expecting to inherit a sum of money from a Canadian friend who has recently died.
What (if any) is the UK tax liability on this cash inheritance?

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: What tax is due on a Canadian cash inheritance

Postby maths » Tue Nov 14, 2017 10:31 pm

Typically there would be no UK IHT on the inheritance.

Tumbleweed
Posts:2
Joined:Tue Nov 14, 2017 4:23 pm

Re: What tax is due on a Canadian cash inheritance

Postby Tumbleweed » Wed Nov 15, 2017 10:30 am

Thank you.


Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”