An SA client is in the process of being awarded compensation from a private claim for asbestosis for deceased father.
This is beyond my scope of expertise and I need technical advise - where is it best to get this advise?
Many thanks in advance
Replies (3)
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The value of the right to pursue a claim should have been declared as an asset within the deceased's estate for inheritance tax purposes (HMRC Trusts & Estates Newsletter August 2013) but other than that there are no tax consequences http://webarchive.nationalarchives.gov.uk/20141203185019/http://www.hmrc...
Is this a dependency claim made by your client, or a claim (as Michael is assuming) made by or on behalf of her deceased father during his lifetime?