I am receiving an inheritance from my aunt from scotland (50,000 pounds). Will I have to pay any taxes on said money and if so how much. I live in New York. Also do I need to claim it when filing income tax return.

Mukata has a better answer...

There is no federal tax on inheritances from U.S. sources or foreign sources. You do not claim it on your federal tax return. Your U.S. Tax Return: Tax on Inheritances (http://taxipay.blogspot.com/2008/02/tax-on-inheritances.html)

Thank you both.