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Posted Tue, 06 Aug 2024 18:27:53 GMT by Hed
I will need to report the income and CGT on a deceased person's estate. One source of income has already had income tax deducted from the interest paid. Do I need to include this in either my letter to HMRC or the self assessment form?
Posted Mon, 12 Aug 2024 10:27:22 GMT by HMRC Admin 19 Response
Hi,

If the Income Tax and capital gains arise before the individuals death, then the Income Tax and Capital Gains Tax is the deceased's and not the estates. The estate only deals with Income Tax and capital gains arising after the individuals death.

Thank you.
Posted Mon, 12 Aug 2024 10:37:49 GMT by Hed
Thank you for your comment. However this is not what I asked. The ESTATE has received income from several sources. One of these has had the income tax taken at source. Do I need to report this source of income? I would be grateful if you could clarify Many thanks
Posted Wed, 21 Aug 2024 16:09:06 GMT by HMRC Admin 25 Response
Hi Hed,
Yes, you will need to declare all the income and show the source that has tax deducted so that this is taken into account.
Thank you. 

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