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30 December 2010

Gift made in the past on a deceased small estate after receiving unpaid tax bill

My father, a pensioner, recently passed away and a week later I received a large PAYE underpayment notice. My father had little left in his bank account, enough to pay for his funeral, however a few years ago my he had gifted myself and my daughter (his granddaughter) a large sum due to hardship and also as thanks for the many years I had financially supported him when he paid for his care home privately. My concern is that now that my father has underpaid tax, and there no money left in his account to pay for it, that I will have to return this gift money into his tax debt. I am on a low income and have debts of my own, so this situation is really making me lose sleep from worry, as I simply could not afford to do so. Thank you for your help.

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