Estate Administration ' Reporting Requirements To HMRC

• Published date: 08 January 2024
• Law Firm: Weightmans
• Author: Katy Morgan

A detailed guide on what personal representatives need to be aware of regarding a deceased person's estate.

A personal representative is responsible for managing a deceased person's estate, and this normally includes reporting the value of the estate to HMRC and obtaining a grant of representation. Personal representatives will be known as 'executors' if they are appointed through the deceased's will, or 'administrators' if the deceased died without a will and they are appointed through the intestacy rules.

Grant of representation

A grant of representation is nearly always required to deal with the administration of an estate. The grant is the court document which provides the legal authority of the personal representatives to deal with the deceased's assets, and it is required to transfer or sell property, deal with investments and close bank accounts.

Depending on the value of the estate, inheritance tax...