Tax on inheritance received from abroad

2 Posts

Hello,
Recently me and my children have all received a modest inheritance from my late grandmother and we are soon to receive the same again now my grandfather has also passed. I received £8500 and will do so again and each of my 3 children has received £4250 and will get that same amount again in a few months.
My grandparents are from the Netherlands and my Dutch mother is the person dealing with the estates and has hired a solicitor to make sure all tax was paid on their end as it should.
So we are receiving these sums of money from abroad, does that change any of the inheritance rules? Do I need to contact HMRC and inform them? If so, where do I start? Does it count as income?
Sorry if I'm not making much sense, but I have no idea where to begin or if we even need to do anything other than come up with a way to honour my grandparents with my share of the money.
thanks
Recently me and my children have all received a modest inheritance from my late grandmother and we are soon to receive the same again now my grandfather has also passed. I received £8500 and will do so again and each of my 3 children has received £4250 and will get that same amount again in a few months.
My grandparents are from the Netherlands and my Dutch mother is the person dealing with the estates and has hired a solicitor to make sure all tax was paid on their end as it should.
So we are receiving these sums of money from abroad, does that change any of the inheritance rules? Do I need to contact HMRC and inform them? If so, where do I start? Does it count as income?
Sorry if I'm not making much sense, but I have no idea where to begin or if we even need to do anything other than come up with a way to honour my grandparents with my share of the money.
thanks
0
Latest MSE News and Guides
Replies