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Posted Sun, 10 Sep 2023 20:00:53 GMT by gclifford
my late father left a property in his will which has up till now been generating rental income. I ended up being the administrator of the estate, as well as the beneficiary. I got probate about 5 months after date of death. As the administrator i have not yet transferred ownership to myself as the beneficiary in land registry, or assented the property, because it was the intention to sell the property - however these things take time, and it has now been 12 months since I got the official probate letters, and i have not been able to sell the property yet. The rental income has been flowing to the beneficiary (the same person as the administrator, also me). It has continued to generate rental income during this time. Is that income taxed at the estate tax rate of 20%? Or should it be taxed at the beneficiaries rate of 40%? How long can an administration period last?
Posted Mon, 11 Sep 2023 15:05:06 GMT by HMRC Admin 10 Response
Hi
Thank you for your question.
We have specialist teams within HMRC which deal with deceased persons estates and other general information relating to administration periods. Information is provided within the links.
You may be best calling these departments for more detailed advice.
Bereavement and deceased estate   
Trusts

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