Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 12 Feb 2024 11:24:09 GMT by Mark Taylor
Good morning. I am in the process of finalising my late Father’s estate. My Accountant has advised me that any income received (eg. Building Society interest), from the date of passing until finalisation, is taxed at a flat rate of 20%. Does this include refunds from utilities: Telephone and Water Supply? I understand that this is reported to HMRC on a letter with an accompanying cheque for the tax due- is this correct? Thank you.
Posted Wed, 14 Feb 2024 18:47:48 GMT by HMRC Admin 25
Hi Mark Taylor,
Refunds from utilities providers are not subject to tax.
Thank you. 
 
Posted Wed, 14 Feb 2024 19:01:06 GMT by Mark Taylor
Thank you.

You must be signed in to post in this forum.