Inheritance from Overseas taxed in there UK?

[PPitstop]

Hi all,
I am UK resident and I will be due a decent amount of inheritance from my parents who live overseas (non British citizens nor residents).

There is no inheritance tax in their country, but do I pay any IHT on that inheritance here as the recipient?

I am not sure if this is now going to be taxed as part of the Chancellors targeting of Non-Doms and worldwide income (even tho it is not quite the same)!

Appreciate any advice, thanks

[AGoodman]

No, it is the estate that is subject to inheritance tax, not the heirs.

The estate is only subject to tax if:

- the assets are located in the UK;
- the assets include shares or loans deriving their value from UK residential property; or
- the deceased was domiciled in the UK.

Assuming your parents are still alive, "domicile" will shortly be replaced by "long-term UK resident" meaning (loosely) somebody who has been here for 10 years.

[PPitstop]

Thank you so much for that clear response!