There is no tax to pay on an inheritance received from your husband, wife, or registered civil partner. However, in most other cases tax may have to be paid if the value of an estate exceeds the tax free threshold (in the current tax year this is £300,000) but it may also be possible to transfer the unused tax free allowance from a previously deceased husband, wife, or registered civil partner and it is recommended that you contact a solicitor for more information. You may also have to pay the deceased's income tax and Capital Gains Tax liabilities. If the deceased had a professional adviser, such as an accountant, financial intermediary or solicitor, they should be contacted for information.
