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Inheritance Tax: Father died in Poland, son (British/Polish citizen) lives in UK


Bobby61 1 | -
29 May 2015  #1
Hello. My father died recently in Poland. I will inherit half of his estate. I have dual nationality, born in Poland, live and work in UK. I would appreciate advice regarding inheritance tax. Ideally I would like to transfer inherited funds from Poland to UK. How does this work regards inheritance tax? After I pay inheritance tax in Poland, would there be any more to pay in UK? Thanks in advance.
Harry
29 May 2015  #2
How does this work regards inheritance tax?

In theory, there isn't any. Although you do have to declare it in order for it to be tax-free.

After I pay inheritance tax in Poland, would there be any more to pay in UK?

In theory, as the money is tax-free income in Poland, under the Polish-British taxation treaty it isn't taxable in the UK. Although again you would want to get that confirmed in writing by the UK tax office in advance.

But, I'm not a tax adviser; you really need to speak to a tax adviser.
inkrakow 1 | 98
30 May 2015  #3
I've been through this situation with my Dad. UK inheritance tax applies to worldwide assets, so 40% of anything over the threshold (£325,000 at the moment). You also need to let HMRC know and fill in the appropriate forms.
mcm1 2 | 81
31 May 2015  #4
Might be worth reading the official words from Uk Gov website-either of the the above answers might be applicable, it depends on your fathers domicile.

gov.uk/inheritance-tax/when-someone-living-outside-the-uk-dies


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