yardleypete Jones

Thank you for your response. To clarify, the chargeable events are the result of two life assured bonds in the name of my late father which were held for twenty years, and then encashed after my father's death in August 2024 and I am told are to be charged to my late father's tax liability for the financial year of his death 24/25. HMRC have set up a self assessment in my late father's name with a UTR. So do I report them on the 24/25 self assessment for my father on additional information form SA101? Secondly, is SA900 the correct form to report capital gains the estate accrued between the issue of probate and distribution to beneficiaries? Many thanks.

I am the executor of my father's estate. I have registered for Self Assessment for him. I have received two Chargeable Events Certificates after encashment of life assurance bonds. Do I report these on the self assessment for my father on the main form and the additional information form SA101? I also need to report gains made by the estate in the period between the issue of probate and the distribution of proceeds to individuals. The estate qualifies as a 'complex' estate so do I report these gains on form SA900? Do I also report these gains in the self assessment of keep the reporting separate? Thank you.

I am the executor to my late father's estate and have made a stupid mistake. My father had two bonds which were subject to income tax. I did not realise that the bonds should have been reassigned to allow top slicing. I did not ask them them to be reassigned before encashment and they have now caused a sizeable tax liability on my tax for the financial year and for my sister, as benificiaries. Will HMRC allow an appeal to now reassign the bonds and allow top slicing?