LIFE INSURANCE

LIFE INSURANCE

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Hi

I have a client who during the tax year to 5th April 2019 had an insurance payout from Scottish Widows after the death of his wife in 2017. The amount is around £20k. Does this need to be declared on his tax return?

 

 

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By paul.benny
08th May 2019 13:10

You're preparing tax returns for a third party and you don't know this?

That may appear rude, but I would expect any qualified accountant providing services to be able to answer a question like that.

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Replying to paul.benny:
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By Tax Dragon
08th May 2019 13:36

To be fair, I doubt I could answer a question like that.

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By CptCave
08th May 2019 14:29

Surely more an IHT issue especially if it is a qualifying policy?

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