Posted: Thu Oct 09, 2014 9:13 pm
Hi, what happens if my 8 year old daughter has received an inheritance of £8000, do I have to declare it?
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Do I have to declare my young daughter's inheritance ?
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Posted: Thu Oct 09, 2014 9:15 pm
As long as the inheritance is hers by name and goes into her account there will be no problem and it need not be declared.
Posted: Fri Oct 10, 2014 12:48 pm
And could she spend it ?
Posted: Fri Oct 10, 2014 1:05 pm
I see no reason why not -- it is her money (parental controls allowing 
)
)Posted: Fri Oct 10, 2014 1:42 pm
Fingers crossed she decides to send her parents on a nice holiday!