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Inheritance tax
raddy59
Posts: 351
Forumite
My Mum in Law just died with an estate of about £45.000 Do I need to inform the revenue -
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Comments
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No, that is way below the level that a IHT return needs to be done, you may not even need to apply for probate depending where her assets are held.0
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Her assets are in First Direct - I don't think they release the funds if the amount is over £20K?0
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Their website does not actually give a limit, so the executor /administrator needs to contact them to find out if it is required or not.raddy59 said:Her assets are in First Direct - I don't think they release the funds if the amount is over £20K?
https://www.firstdirect.com/help/life-events/bereavement/frequently-asked-questions/
If it is required it is a fairly straightforward process and you can get plenty of help here.2
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