Inheritance tax need to declare?
edited 30 November -1 at 1:00AM in Deaths, Funerals & Probate
4 replies 903 views
My wife has been given a large sum by her father to help buy a house, enough to go over the inheritance tax threshold. I believe if he lives another 7 years then there will be no tax to pay but do we need to declare this money now to hmrc so they know when she recieved it? We are both PAYE also if that makes a difference so we don't fill in a tax return normally.
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