Money and shares
In most cases you don’t pay any tax on money and shares when you inherit them.
You may have to pay Inheritance Tax on money and shares you inherit if the deceased person’s estate can’t or doesn’t pay.
HM Revenue and Customs (HMRC) will contact you if you need to pay.
Any money or shares the person gave you before they died are known as gifts and have different rules.
You may have to pay Income Tax on:
Capital Gains Tax
You’ll have to pay Capital Gains Tax if you sell (‘dispose of’) inherited shares that have gone up in value since the person died.