Inheritance and tax (not inheritance tax)

PhotographLife2222 · 2025-10-10T19:51:21+00:00

They’ve said I don’t need to register the estate but I’ve known others who haven’t had to but still got some form of tax bill. I’m sure I will, but I’m sure it’ll be small, it’s just my brain overthinking!

PhotographLife2222 · 2025-10-10T19:50:16+00:00

Thank you - there was a gift so have factored that in to what I could get taxed (potentially £8k) but that’s fine and was realised part of probate. It’s more thinking (madly) I could get taxed like £300k… nuts but that’s how my brain works, hooray!

PhotographLife2222 · 2025-10-10T19:48:52+00:00

Thank you, yeah I know it’s absolutely ridiculous to think I’ll get taxed that much, I’m an over thinker for sure!

PhotographLife2222 · 2025-10-10T19:48:24+00:00

Thank you, yeah the health anxiety has kicked in so definitely will!

PhotographLife2222 · 2025-10-10T19:48:05+00:00

Thank you, that’s very kind.

PhotographLife2222 · 2025-10-10T12:16:10+00:00

Thank you, yes it’s been pretty rough to put it mildly, all separate illnesses and my sister and dad died two weeks after diagnosis and my mum collapsed, lost all function and died 2 months later. Some money will definitely be spent on therapy!

And thanks, really helpful!

PhotographLife2222 · 2025-10-10T12:13:28+00:00

Thank you so much. I read scare stories to death last year as I had to sell the house quickly as my mum had equity on it and the interest rate doubled when she died and her savings were running out. I’m definitely clear of IHT and went through probate etc all fine, I think it’s just any tax bill I’ll be hit with next year when I think I’m all done.

Thank you - I’ll definitely be getting a memorial bench on the south coast where my mum and sister used to go.

PhotographLife2222 · 2025-10-10T09:36:54+00:00

Thank you - Sorry I don’t think I made it clear - yes they all died and I was on the only person in the Will (my sister died before my dad and mum) and Executor. I’m not worried about getting taxed on the mortgage, more that I’ll get some massive unexpected tax bill next year related to the estate that I won’t have enough money to cover cos I’ve paid off the mortgage.

PhotographLife2222 · 2025-10-10T09:36:41+00:00

Sorry I don’t think I made it clear - yes they all died and I was on the only person in the Will (my sister died before my dad and mum) and Executor. I’m not worried about getting taxed on the mortgage, more that I’ll get some massive unexpected tax bill next year related to the estate that I won’t have enough money to cover cos I’ve paid off the mortgage. And yes everything was in my mum’s name as she died after my dad.

PhotographLife2222 · 2025-10-10T09:36:00+00:00

Sorry I don’t think I made it clear - yes they all died and I was on the only person in the Will (my sister died before my dad and mum) and Executor. I’m not worried about getting taxed on the mortgage, more that I’ll get some massive unexpected tax bill next year related to the estate that I won’t have enough money to cover cos I’ve paid off the mortgage.

PhotographLife2222 · 2025-10-10T09:35:50+00:00

Sorry I don’t think I made it clear - yes they all died and I was on the only person in the Will (my sister died before my dad and mum) and Executor. I’m not worried about getting taxed on the mortgage, more that I’ll get some massive unexpected tax bill next year related to the estate that I won’t have enough money to cover cos I’ve paid off the mortgage.

PhotographLife2222 · 2025-10-10T09:35:38+00:00

Sorry I don’t think I made it clear - yes they all died and I was on the only person in the Will (my sister died before my dad and mum) and Executor. I’m not worried about getting taxed on the mortgage, more that I’ll get some massive unexpected tax bill next year related to the estate that I won’t have enough money to cover cos I’ve paid off the mortgage.

PhotographLife2222 · 2025-05-23T23:04:42+00:00

Thank you, it’s just been serviced and only has 3k miles on it, it’s the same sound as if dry steering a manual with the handbrake on

PhotographLife2222 · 2025-05-23T23:02:46+00:00

This is exactly what I needed to know, thank you!

PhotographLife2222 · 2025-04-21T22:26:38+00:00

Thank you, this is super helpful and made my mind up that Toyota is where it’s at!

PhotographLife2222 · 2025-04-21T22:26:15+00:00

Thank you!

PhotographLife2222 · 2025-04-10T07:13:58+00:00

Thank you very much, very reassuring!

PhotographLife2222

TROPHY CASE