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Inheritance, do I pay tax?

Posted 3 July 2014 under Tax Questions



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I received a small inheritance last year. The money was released from the guardians fund upon turning 21. Do I declare this as an income? If so, how and where?

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TaxTimTaxTim says:
3 July 2014 at 14:01

Although this is not taxable you can include it under the "amounts not considered taxable" section of the return.


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