Late fathers SA

gt568

Hello

I've just completed my late fathers tax return online for 19-20.  He passed away in November 2019.

It states there is a refund of circa £1000 now due....

Am I right in assuming I can now request the refund and walk away from his tax returns given that he passed in 2019 and the 19-20 tax return is complete?

gt568

Bump....

Anyone able to advise?

Jeremy535897

There will be no return for future years, obviously. There may be a return for the executors to complete.

gt568

I am the executor.

xylophone

Am I right in assuming I can now request the refund and walk away from his tax returns given that he passed in 2019 and the 19-20 tax return is complete?

As he died in the tax year 19/20 and you have submitted the tax return,  there can be no necessity for personal income tax returns for future years.

Is an estate return  (formal/informal) required?

https://www.gov.uk/self-assessment-tax-returns/returns-for-someone-who-has-died#:~:text=When%20you%20must%20send%20a,at%20the%20date%20of%20death

gt568

xylophone said:

Am I right in assuming I can now request the refund and walk away from his tax returns given that he passed in 2019 and the 19-20 tax return is complete?

As he died in the tax year 19/20 and you have submitted the tax return,  there can be no necessity for personal income tax returns for future years.

Is an estate return  (formal/informal) required?

https://www.gov.uk/self-assessment-tax-returns/returns-for-someone-who-has-died#:~:text=When%20you%20must%20send%20a,at%20the%20date%20of%20death

I don't think so, I informed them of all the details and he estate was below IHT.

I'm just wary of taking the rebate and walking away as it's so early in the year so to speak....

Jeremy535897

gt568 said:

xylophone said:

Am I right in assuming I can now request the refund and walk away from his tax returns given that he passed in 2019 and the 19-20 tax return is complete?

As he died in the tax year 19/20 and you have submitted the tax return,  there can be no necessity for personal income tax returns for future years.

Is an estate return  (formal/informal) required?

https://www.gov.uk/self-assessment-tax-returns/returns-for-someone-who-has-died#:~:text=When%20you%20must%20send%20a,at%20the%20date%20of%20death

I don't think so, I informed them of all the details and he estate was below IHT.

I'm just wary of taking the rebate and walking away as it's so early in the year so to speak....

Whether thee state is below the IHT threshold does not affect whether the estate needs an income tax return.

You should keep your father's income tax papers for as long as HMRC require. See https://www.gov.uk/keeping-your-pay-tax-records/how-long-to-keep-your-records

gt568

Surely the estate return is the one I've just completed now?

xylophone

https://www.litrg.org.uk/tax-guides/bereavement/how-does-personal-representative-deal-income-and-capital-gains-arising-after

"The personal representative may have to complete a tax return for the period after the date of death if the tax position of the estate is complex or if the tax liability is significant – this will not be a personal tax return, but a trust and estate tax return. An estate which is not regarded as 'complex' can be dealt with informally.  Most estates will use the informal procedures.

There is more information on the records the personal representative will need to keep for the trust and estate tax return on GOV.UK and about how to pay any income tax liability on GOV.UK."