Donate SIGN UP
Home > Law > Inheritance Tax.

Inheritance Tax.

Avatar Image
tobergill | 22:05 Thu 01st Sep 2011 | Law
3 Answers
My elderly neighbour`s brother has died. No will was made. It went to probate and my neighbour has eventually received a cheque for £10.000, Does he have to pay Inheritance Tax...................I dont think so but could one of you knowledgeable people confirm this.
Thank You.
prev Can I go to a LOCAL county court?
  
next If the President and Vice President died (lets say hypothetically in a plane crash)
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by tobergill. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image plautus
Inheritance tax is paid out of the estate, not by the beneficiaries, so no worry here.
22:08 Thu 01st Sep 2011
Avatar Image Buenchico
Inheritance Tax is only payable when the value of the deceased person's estate is at least £325,000. If your neighbour received £10,000 then (unless he's got over 30 brothers or sisters!) there will be no tax to be paid.

Chris
22:14 Thu 01st Sep 2011
Avatar Image dzug2
The tax, if any, will already have been paid - so no need to worry about it.
06:59 Fri 02nd Sep 2011

1 to 3 of 3rss feed

Do you know the answer?

Inheritance Tax.

Answer Question >>