C1 Confirmation Scotland Moveable Assets Bank Account additions since date of death.

ptolemy

Hello,
Can anyone help me with my C1 confirmation form?
I am trying to fill in C1 confirmation form. I assume that when one gets the grant of confirmation from the court I get a certificate for the bank which states the value that I have put in on the inventory form.  The value on the inventory form has to be the one on the datre of death, however, in my case, a few transactions have gone through since the date of death ( I notified the bank a week later and some direct debits went through ).  Also, another account has accrued more interest.  How do I address these aspects on the form?
Thanks

user1977

What are the direct debits for? If they were debts incurred prior to death (but just not processed) then they should be put in as debts. If they've been incurred post-death then they're not relevant to confirmation but are for the executry accounts. Same for interest - you should estimate any interest accrued up to the date of death and add that to the bank balance in the confirmation, and anything after that is interest income for the estate.

ptolemy

Very clear answer, thank you.

Keep_pedalling

Any interest received post death will be subject to income tax if it exceeds £500.

https://www.gov.uk/probate-estate/reporting-the-estate