Mistake on Inheritance Tax

Tixy

http://forums.moneysavingexpert.com/forumdisplay.html?f=22

Cutting Tax board link above. You should get accountants/tax accountants reading at least and maybe solicitors as well.

Kilmaley01

Thanks Tixy - you are all so good on here and so helpfull.

GeorgeUK

For the legal aspects of this, i would also post on the consumeractiongroup forum.
They are quite good with legal stuff there.

beer_tins

Shouldn't make much difference in this case. The long and short of it is, you received these funds from the estate of the deceased - via their solicitor. You spent this money in good faith, having been informed that it is OK to do so.

Someone along the way was negligent. It could be the solicitors, The District Valuer or HMRC themselves. It may be tough finding out who was at fault, as you would need to know everyone's full responsibilities and whether these were carried out properly. For this reason I would definitely seek professional legal advice. It sounds like there is a lot of money at stake (between you all), so maybe you and the other beneficiaries could jointly contact a solicitor? You may not get all of this money written off/refunded, but it sounds like you have a case for compensation.

Kilmaley01

Thanks George - will do. x

whatatwit

One thing Gromit, as you only received a small % of the estate, you can be assusred that those who have a much higher amount to find (your SIL) will be fighting to get this sorted out the cheapest way possible.
If you do, as a family appoint an independant solicitor, then your share should only be 5%

Good luck.

Kilmaley01

Beer Tins, thanks. I am hoping we can at the very worst stall the repayment! Yes, we are talking over £64k in total that they want back!!

misspoppy

In england you would complain to the law society have a look who you would contact in scotland. I work with 2 Idependent financial advisors and really the solicitor should have dealt with this correctly before distributing any funds so they should be liable for the tax.

westiedog

The same thing happened to my partner and his family. Partner has paid the money back but his brother is being taken to court by the solicitor.

Kilmaley01

Westiedog - being taken to Court because refusing to repay the money?