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Inherited PPI refund
Mousehouse7
Posts: 1 Newbie
A PPI refund that was completed after the borrower died became part of the estate and was disbursed to one person. Do you know if the tax can be reclaimed on this and by whom?
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The executor would need to handle it and either reclaim or pay the additional tax, depending on the circumstances.0
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Almost certainly not.Mousehouse7 said:A PPI refund that was completed after the borrower died became part of the estate and was disbursed to one person. Do you know if the tax can be reclaimed on this and by whom?
Tax on interest would be due at 20%, the rate the company that paid the interest will have deducted.
https://www.litrg.org.uk/tax-guides/bereavement/how-does-personal-representative-deal-income-and-capital-gains-arising-after0
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