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Would inheritance monies be classified as unearned income and be subjected to UK income tax?

April 26, 2017Business Classified Finance Inheritance Kingdom monies taxes unearned United

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Would inheritance monies be classified as unearned income and be subjected to UK income tax?

1 Answer

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No. The money you inherit is not income, and not subject to income tax, or any other tax. If you invest it/put it in the bank, any interest you receive is taxable as normal.