07 April 2025
Foreign beneficiary
I am acting as executor for a UK resident UK national whose daughter lives in Australia with dual nationality. She is absolutely entitled to half of the estate residue. During the administration period there will be a substantial amount of interest income on which the estate will pay income tax.
Can the daughter claim back the income tax that the estate will have paid? Is there any way of avoiding paying and reclaiming the income tax? I do not believe that she has any other UK source income.
Query 20 496 – Uncle Jim.
The daughter should then report her UK interest on Australian tax return.
My response to Uncle Jim’s query is based on the following two assumptions:
- The daughter is an Australian tax resident and not a UK tax resident.
- The estate is UK tax resident and not Australian tax resident. ...
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