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Subsidiary Tax Certificate
What is a Subsidiary Tax Certificate? I am dealing with the Will of a dear friend and in calling in his PEPs and ISAs the Investment Companies are asking if I want a Subsidiary Tax Certificate. Do I and in what circumstances? I asked a finance person and they said it was a legal thing.
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At a guess, it's a tax certificate issued to cover tax deducted from interest after death (as is required) and that it's subsidiary because it's issued by the management companies rather than the original funds. But ICBW.
If you are going to have to put in a tax return from the estate then you need it - whatever it is. It can't do any harm to have it anyway.
If you are going to have to put in a tax return from the estate then you need it - whatever it is. It can't do any harm to have it anyway.
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