Declaring inheritance

I recently received a small inheritance. The estate was declared for inheritance tax purposes but wasn't large enough to be liable. Do I need to declare my inheritance as untaxable income on my self employed tax return?

Hi Barry Croucher,

No.  
Your inheritance is not classed as income and is not taxable.  
Any interest or dividends arising from your inheritance would be taxable and would need to be declared.

Thank you.
 

Thanks for the info!

So similar - on my grandparent death my mother was executor and her solicitor distributed some monies to myself and my brother. Do I need to declare on self assessment as income ?

[Display name amended - Admin]

Hi,

No. This is an inheritance that you dont need to declare.

Thank you.