Chargeable Event Gains

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Quick Question -

I have a deceased client who had a chargeable event certificate issued prior to their death - there has been 20% tax deducted on the gain and his income is well within his basic rate band. He does not file a tax return... 

Do I now need to file a tax return just for this? Sorry if it is a dumb quesiton but i cannot find an answer online! 

Thanks

Replies (3)

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By CazzyT
18th Sep 2017 17:28

We had a similar situation recently. We wrote a letter to HMRC including all relevant references and information and they dealt with it on an informal basis, no need for a return.

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By Accountant A
18th Sep 2017 18:08

Elizabeth Priest ATT wrote:

Do I now need to file a tax return just for this?

Has the executor asked you to act? Your 'original' appointment ceased when the client died.

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By Mr Trellis of N Wales
18th Sep 2017 18:28

You do not have to file a tax return because of a CEG even if gave rise to a liability for the same reason that you do not have to file one if you are, say self-employed, have a £1m capital gain and so on. There is only one thing that requires a tax return to be filed, which is the issue by a HMRC of a notice to the taxpayer to file a return. Has an NTF been issued?

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