Where one spouse dies in early in tax year so that they have surplus personal allowance, can this (£1060) be transferred to their basic rate tax payer spouse?
HMRC were unable to give an answer and am waiting on a call back as their guidance does not appear to cover this point.
Comments appreciated.
Replies (9)
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The lower earning spouse
has to surrender their PA first, usually death prevents them making this submission.
Disagree
Their personal representatives can act for them. If that wasn't the case, a valid tax return for the year of death would be impossible.
Early Days
Early days for this legislation ..... but intuitively, I believe the advice given to you by HMRC is incorrect.
However, at the moment, I can't find anything to back it up one way or the other.
Try asking them if they accept tax returns from dead people.
Noooooo !!
I should of added at that point they referred the matter to technical who were busy and will call me back. Still waiting.
I only posted this at 9:14 this morning......
https://www.accountingweb.co.uk/anyanswers/question/am-i-only-one-who-fi...