We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

inheritance and tax rebates after discharge

theG
theG Posts: 3 Newbie
in Bankruptcy & living with it
I went BR mid 2011 and was discharged after 6 months... Jan 2012.

What is the situation with any tax rebates if I apply and also if I was to receive any inheritance money?? Can this new claimed back?? If so, when am I free from this??

I have no IPA and the BR was done quick with early discharge as dated above.

Thanks in advance

Comments

  • sniggings
    sniggings Posts: 5,281 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    you can claim any tax that is not covered with the BR, so post discharge is fine, any money you recieve after discharge is free and clear, all yours.

    If unsure and any tax that is dated predischarge, it's worth ringing your OR and asking them, you never know, they could give you the go ahead to claim, can't hurt.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Tax refunds relating to the tax year you went BR in or earlier should go to the OR. Otherwise they are yours, although may be claimable as income if you are in an IPA?

    Inheritances are claimable by the OR if the person died while you were undischarged. When you actually receive it does not effect whether they can claim it. If the person died after you discharge, then the inheritance is yours.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.8K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.6K Spending & Discounts
  • 247.6K Work, Benefits & Business
  • 604.6K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture