I&#x27;m not a tax expert but don&#x27;t think the scenario you describe is correct.<p>In most countries when you inherit it&#x27;s the estate that is taxed and generally the estate is taxed in country of domicile of the estate rather than citizenship of the recipient.<p>In your scenario the estate would would be taxed by the country of domicile, and then the remaining money transferred to you. If you were a US person then you would be taxed on any interest or capital gains from that point onwards.<p>That said this kind of thing is generally fairly complex (determining country of domicile for example is not obvious) so generally you would involve an accountant or tax professional.