Gifts and other transfers of value Schedule IHT403

michael4343

tax do i put in information from bank ie what was payed to hmrc

or what was owed to hmrc

ie 2024/2025 tax was not payed till January 31 2026

Keep_pedalling

I presume you are talking about income on section 20 and that 2006 is a typo for 2026. It is the amount paid in the tax year, so the tax paid Jan 26 will reduce your excess income the 25/26 financial year. Likewise any tax due from 23/25 but paid in 24/25 will reduce the excess income for 24/25.