Inheritance tax in the UK - do I as a beneficiary have a tax liability?

Question

The taxman has already received 40% of the estate as it was in excess of the ceiling amount. The rest of the estate has come to me. Is it mine or do I also have to pay tax? Anyone know?

Answer 1

The only tax that you might have to pay is on any income you received whilst the estate was in administration. You would have received a form from the solicitor (or accountant) if this were the case.

Answer 2

I beleive that inheritances are not taxed. The estate is taxed, but not the person who gets it.

Answer 3

after inheretance tax, that is it. You have no personal income tax to pay now.