Declaring Inherited Money

[sotelme]

If I get money from Uk and I live in eu and dual citizen do I get taxed on it

[bobbinwales]

Depends on tax laws where you live but i'd be suprised if any country in EU taxes you on inherited income. It's usually just incone and savings. Maybe some have wealth taxes

[Peter Pedant]

irrelevant about nationality - it depends on the law of the other country
AND
the asset is taxed in the country where it is

so you just pocket the moolah

EU has tax treaties, so even if there is a demand then you plead the dual taxation rules ( only taxed once)

and no I am not a tax expert

all the stuff about Boris
https://www.artiopartners.com/renounce/boris-johnson-pays-irs-tax-bill/
if you read carefully, he was NOT able to plead dual taxation on a tax break ...

[Peter Pedant]

no bobbin is wrong
in Belgium the tax on an objaaaaay is paid by the lucky inheritor ( and NOT the estate) and it is common to say no thanks

[Buenchico]

If the money was from the estate of someone living in the UK, where that estate was subject to Inheritance Tax, that tax will have been deducted at source.

i.e. it's the estate that is taxed, not the recipient. In the UK there's never any tax paid by the recipient of a bequest. To the best of my knowledge, similar principles apply in other countries. (There's certainly never been any EU rule relating to it, so you'd need to check on the tax rules within the specific country that you're residing in, in order to obtain a definitive answer).

[Peter Pedant]

er
no
Belgium has tax on the objaaay - and you should apply the double taxation rules ....

https://www.1st-for-french-property.co.uk/blog/the-french-inheritance-system/

but the general principle is that you only get taxed once ( dual taxation )