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Is/how is declaration of previous gifts checked

Heighway61 · 2023-10-24 12:33:37

I'm not thinking of making any kind of false declaration, this thought just occurred to me as I am a party to a will at the moment. When a beneficiary of a will is asked to declare for tax purposes any previous gifts or inheritance, how is this checked? Do revenue go through the accounts of the testator?

24-10-2023 12:33pm

#1

Heighway61

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Join Date: October 2016

Posts: 1714

I'm not thinking of making any kind of false declaration, this thought just occurred to me as I am a party to a will at the moment.
When a beneficiary of a will is asked to declare for tax purposes any previous gifts or inheritance, how is this checked?
Do revenue go through the accounts of the testator?

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