Inheritance Tax is usually paid on an estate when somebody dies. It’s also sometimes payable on trusts or gifts made during someone’s lifetime.
For further information please visit https://www.gov.uk/browse/tax/inheritance-tax
Cross border issues
If you inherit a property from your spouse or civil partner, you may be an ‘exempt beneficiary’ and you normally won’t owe Inheritance Tax as long as you’re domiciled in the UK. For further information please visit www.hmrc.gov.uk – Tax when you inherit money, assets or property
For further information on Northern and Southern Inheritance & Gift Taxes please see the presentation delivered by Rose Tierney, Tierney Tax Consultancy in 2012 at a Border People event – Cross Border Business Succession and Related Tax Issues