Inheritance tax and DWP
Discussion
Help, any advise appreciated. To cut a long story very short, after my mother passed away I was left with an inheritance tax bill of some 20k, subsequently the dept of works and pensions have sent me a bill for over 5k for overpayments in benifits. My question is can I contact the Inheritance tax dept and get this bill taken off the said inheritance tax as another debt?
Edited by SimonMaidenhead on Monday 19th July 00:13
Is there any way of checking?
On what basis do they think the benefit claims were excessive?
Do they have the power to ask for overpaid claims to be refunded to them from inherited ammounts?
(They may have, I am not a benefits expert, but I would make them quote to you the legal basis for their assertions and claim).
On what basis do they think the benefit claims were excessive?
Do they have the power to ask for overpaid claims to be refunded to them from inherited ammounts?
(They may have, I am not a benefits expert, but I would make them quote to you the legal basis for their assertions and claim).
They calculated the amount due according to the details I gave when filling out the inheritance tax forms, (over7k in account). Now if this is owed, and I'm liable for it, which I believe I am, I'm quite prepared to pay, even though I'll have to come to some sort of payment plan with them(equity is tied up in property). The annoying thing is I'd like to re-evaluate the amount of inheritance tax I have to pay. Surely this would be classed as a debt, so it should come off the inheritance tax due, well 40% of it anyway?
Eric Mc said:
If there is a refund due to the Benefits Agency, then the net value of the estate would have been lower than originally calculated, which would imply that the original IHT amount paid was overstated.
My thoughts exactly, I'll give them a ring to confirm. Many thanks for your time and repliesGassing Station | Finance | Top of Page | What's New | My Stuff