Joe Brough provides guidance on how advisors can assist personal representatives of a deceased individual in fulfilling their legal obligations.
When someone dies, it will be left to their personal representatives to administer their estate. This will include calculating and paying inheritance tax as well as any income tax arising during the administration period.
Period to the date of death
The period of administration begins the day after the death. Up until this point, all income and capital gains remain taxable on the individual. HMRC will often request a tax return to be prepared up to the date of death to account for any untaxed income and gains arising during the deceased’s lifetime.
It will be the responsibility of the personal representatives to prepare and submit the tax return
