We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax on rental income from decease estate
Options
homerhotspur
Posts: 260 Forumite
in Cutting tax
I am trying to ascertain the correct way to account for tax on rental income from my father's estate. He died last year and his former property is currently being rented out, pending sale. The property was left to me and my sister.
Can I just return the income and pay the tax via an estate tax return or does it have to be declared as personal income of me and my sister?
The online HMRC instructions are not very good and I am not over confident of getting the right answer on the phone( if I get through)
thanks
Can I just return the income and pay the tax via an estate tax return or does it have to be declared as personal income of me and my sister?
The online HMRC instructions are not very good and I am not over confident of getting the right answer on the phone( if I get through)
thanks
0
Comments
-
I believe I have now found the answer I was looking for, thank you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards