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will inheritance affect my working tax credit?
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HMRC are only interestedinthe amount of interest received (taxable) over £300MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
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IF the income you received was taxable (and declarable to TCO) you should receive an R185 form. You should then decalre the gross amount shown on the R185.
If it is not taxable then you do not need to declare the capital (the inheritance amount) but you do need to declare the interest if added with any "other income" within the household it totals over £300 per year.0
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