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Question about inheritance tax.

aLou991 · 2017-12-12 07:24:37

My mum died back in 2005, I was 13. I know that I was under the threshold to pay inheritance tax that year, but I am assuming that before the will goes through probate a return would need to be made to revenue by the executor/trustee of the will? Also, is inheritance tax payable from the date the person dies or is it…

12-12-2017 7:24am

#1

aLou991

Registered Users, Registered Users 2 Posts: 18 ✭

Join Date: August 2017

Posts: 15

My mum died back in 2005, I was 13.

I know that I was under the threshold to pay inheritance tax that year, but I am assuming that before the will goes through probate a return would need to be made to revenue by the executor/trustee of the will?

Also, is inheritance tax payable from the date the person dies or is it payable on the day you inherit - for example, I inherited everything legally at 21. Would inheritance tax have been paid when I was 13? I do have something from the probate office here and on the back it says "deferring inheritance tax".

I know it's probably one big panic over nothing but I'm not in a position to ask the executor of the will. Any advice would be great.

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