SA107

Frequently Asked Questions

• Do I pay Inheritance Tax on gifts I received before they died?

  Inheritance Tax may have to be paid after the death of the giver on some gifts they’ve given to you, especially if you received them less than 7 years before the person died. For more information about Inheritance Tax, visit our helpful glossary page on the subject.

• Can you help me to maintain my own accounting records?

  Of course! We advise that you start a comprehensive spreadsheet to keep track of your taxable income and relevant expenses throughout the year in order to make your tax return more straightforward. This can be done on an Excel spreadsheet or Google sheet to keep things simple! Contact our team for more advice today!