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Where Taxpayers and Advisers Meet

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by NBNB
Tue Nov 12, 2019 9:44 am
Forum: International Tax
Topic: Inheritance tax for overseas
Replies: 5
Views: 981

Re: Inheritance tax for overseas

Thank you. So I then need to complete a self assesment form later on ? Currently I am employed full time (not self-employed)
by NBNB
Sat Nov 09, 2019 10:45 am
Forum: International Tax
Topic: Inheritance tax for overseas
Replies: 5
Views: 981

Re: Inheritance tax for overseas

thanks for the response.

Yes, they are indian citizens as well. And there is a limit in how many transfers they can do in a financial year ? Can they transfer upto 50k£ in a financial year ?

Also, will there be any tax/forms to fill if I earn interest on the gift money ?
by NBNB
Thu Nov 07, 2019 10:30 am
Forum: International Tax
Topic: Inheritance tax for overseas
Replies: 5
Views: 981

Inheritance tax for overseas

Hi. I am permanent resident in UK and employed full time. Been here continously since mid-2014 . I am an Indian citizen. My parents wish to gift me/bank transfer around £5k . 1. Will there be a tax implication for me here in UK for the same ? 2. Do I need to declare to the bank (or HMRC ?) or fill u...

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