Donate SIGN UP

Income Tax Liability

Avatar Image
fbg40 | 12:32 Tue 24th Feb 2009 | Personal Finance
3 Answers
Hi
My wife's cousin died in January of 2008 and was self employed. Her Daughter who inherited the house has now had a letter from the Inland Revenue saying the her late Mother owed the "Taxman" �3000 and that she is now liable for this amount. Can anybody please advise on this matter, with regard to her liability.
Many thanks
FBG40
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by fbg40. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
if this is right i would assume it is the estate of the deceased person who owes the money not the daughter personally
All the deceased's debts should be paid out of the assets in the estate, & it is the job of the executor to deal with this. The house was presumably an asset. If it was the only one then, as the beneficiary of the house, she would have to pay. If someone else was executor & there were other assets she needs to discuss this with the executor.

She also needs to get info. from HMRC showing how they have calculated the amount due.
I agree with the above two postings

1 to 3 of 3rss feed

Do you know the answer?

Income Tax Liability

Answer Question >>