Inherited PPI refund

Mousehouse7

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? 

[Deleted User]

The executor would need to handle it and either reclaim or pay the additional tax, depending on the circumstances.

Dazed_and_C0nfused

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? 

Almost certainly not.

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-after