Inheritance

Melmar

I have been fortunate in that I have been left £15,000 in a will. Do I need to tell the inland revenue about this?


many thanks

CLAPTON

Melmar wrote: »

I have been fortunate in that I have been left £15,000 in a will. Do I need to tell the inland revenue about this?


many thanks

who ever did probate on the estate will deal with the tax affairs

you don't need to tell anyone about your 15k

McKneff

No you dont,

You dont pay tax on it

If you are a taxpayer then if you put it in the bank, yoiu will only pay tax on the interest it accrues

Mojisola

Melmar wrote: »

I have been fortunate in that I have been left £15,000 in a will. Do I need to tell the inland revenue about this?

No, but if you are claiming any benefits that have a capital limit, you will need to tell the DWP.