Probate Granted question

[Deleted User]

Was about to post the same sort of question so thanks to the OP for asking ....so YM you say probate is only granted if HMRC approve it (or LOA in our case)....does this mean there is no further involvement at all with HMRC or are they still involved to a point until the estate affairs have been finalised and settled ...no IHT liabilities..debts or DWP benefits involved on this occasion
Thanks in advance

Yorkshireman99

[quote=[Deleted User];71635533]Was about to post the same sort of question so thanks to the OP for asking ....so YM you say probate is only granted if HMRC approve it (or LOA in our case)....does this mean there is no further involvement at all with HMRC or are they still involved to a point until the estate affairs have been finalised and settled ...no IHT liabilities..debts or DWP benefits involved on this occasion
Thanks in advance[/QUOTE]
HMR&C give the go ahead to the Probate Office when they have received payment of any IHT due or agreed none is due. They have no involvement after that. Of course if the executor subsequently finds there are significant assets not previously known about, or declared, then they have to inform HMRC accordingly and pay any extra HT. If the original declaration was lower so that IHT would be reduced the executor can apply for the excess to be refunded. HTH

[Deleted User]

Yorkshireman99 wrote: »

HMR&C give the go ahead to the Probate Office when they have received payment of any IHT due or agreed none is due. They have no involvement after that. Of course if the executor subsequently finds there are significant assets not previously known about, or declared, then they have to inform HMRC accordingly and pay any extra HT. If the original declaration was lower so that IHT would be reduced the executor can apply for the excess to be refunded. HTH

Thanks very much thats most appreciated

getmore4less

HMRC are involved for IHT and income tax.

The capital return(IHT forms) deal with assets and IHT there is still a need to deal with he personal taxes upto date of death and during the administration periods.