Tax on inherited money from abroad???

missile

I would suggest even if the deceased was domiciled in UK, any money the OP received would be nett of any IHT liabilty

if i am liable to pay tax

and thus the answer would still be no :rolleyes:

NAR

localhero wrote: »

I accept Middlers should have asked for more information, then so should you and others - as unless the full circumstances are known how can you or anybody else advise accurately?

I read the OP correctly - I can't understand why others didn't! Therefore I didn't require clarification.

swainey

What if the money ...say £100,000k was inherited from Canada? Would the taxman want inheritance or capital gains ...or both?

montblanc_2

many thanks to you all for the information provided - your time is appreciated.

Cook_County

You need to bear in mind that if you leave the money in Ireland you will owe UK tax on interest you receive.

If you are domiciled in Ireland too then you could deposit the inheritance offshore and pay no tax on the interest.