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Ineritance from abroad
paul_markland
Posts: 5 Forumite
in Cutting tax
I am due to expect a substantial inheritance (circa £250K) from a deceased relative who lived in in Belgium .... can anyone advise on the tax implications i understand it is below the current UK threshold but am unsure if there are any other costs/taxs which may come in to play
Thank you in advance
Thank you in advance
0
Comments
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There are no tax implications for you, other than paying tax on any interest you may receive when you bank the cash.
Enjoy!0 -
BUT - if you are domiciled in Belgium (because your fmily are from there) you should keep the money offshore to save paying tax on the interest).0
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