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Posted Wed, 20 Sep 2023 08:12:26 GMT by RosierichNI
What if any income tax is payable on interest earned after a death until the savings accounts mature, when the interest earned up to date if death has been declared for inheritance tax purposes?
Posted Fri, 29 Sep 2023 14:20:15 GMT by HMRC Admin 20
Hi RosierichNI,

The period of administration is the period that runs from the day after the date of death until the date when the personal representatives have taken all steps necessary to finalise the estate’s affairs.  
Income or gains received during the period of administration are:-
1.    Treated as income of the estate
2.    Taxed at the rate appropriate to the source of income.
If you require any further information you can contact our Period of Administration helpline on 0300 123 1071.

Thank you.

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