UK/ French Taxation question

[soupagirl]

I hope someone will be able to help me.

Recently my 95 year old uncle died of a covid-related stroke.His estate is to be divided equally between six.

My share will be paid into my UK bank account. We are not talking life changing sums here, possibly a few thousand.

My question is: this money, being in a UK account, will be liable to UK taxation, and so will I also need to declare the amount on my next year's French declaration, or just the interest paid, as I do currently on UK savings? And if the full amount has to be declared, in which section of the tax form will it go ? I've never had the need to look for an 'Inheritance' section before.

Thank you so much to anyone who takes the time to answer.

[betise]

Was your uncle a UK resident? It will make a difference, as an inheritance from a UK resident is not taxable in France under the double taxation treaty, I believe. https://www.connexionfrance.com/Archive/Is-UK-inheritance-taxed-in-France https://www.legislation.gov.uk/uksi/1963/1319/schedule/made

[EuroTr@sh]

As said, if your uncle was resident in the UK, inheritance tax is payable to the UK not France, regardless of whether your share is paid into a UK or a French bank account.

Under UK inheritance tax rules, it's the total value of the estate that is assessed for tax liability, before it's distributed to the beneficiaries. By the time you receive your portion the tax has already been paid.

[soupagirl]

Many thanks to you too EuroTr@sh.

I've always found members on this forum knowledgeable and helpful on all sorts of subjects.