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Where Taxpayers and Advisers Meet

Heritage Tax

dynamicmormon
Posts:1
Joined:Sun Dec 26, 2021 12:09 am
Heritage Tax

Postby dynamicmormon » Sun Dec 26, 2021 12:14 am

Hallo,

I live in the UK and my aunt in Germany died. I got informed by a german court that I am in the will mentioned to get the bank account with 100.000,00 EUR in Germany.


I have some questions

1. Do I have to report it HMRC?


2. How I report it?

3. Starts the sixth month line when I take heritage after the I said to the german court I take it, or when I get informed by a german court that I am in the will?

4. How much is the capital gain tax and applie the threshold of 325.000 GBP?

5. Do I have to apply the threeshold or does HMRC automatically?

pawncob
Posts:4876
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Heritage Tax

Postby pawncob » Wed Dec 29, 2021 10:45 am

1. No
2. see above
3. ?
4. Nil
5. N/A.
With a pinch of salt take what I say, but don't exceed your RDA


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