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If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
The property we are intending to rent, but are the savings gained from the deceased taxable?
So no tax liability for any savings amount? Can I therefore disperse the savings without recourse
Steve, no tax liability on the intial savings amount handed over.Your tax liability will only arise on future income from this capital sum.I hope this is helpful.