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HMRC internal manual

Trusts, Settlements and Estates Manual

Legal background to trusts & estates: administrators - deceased was self-employed

The deceased’s business ceases at the date of death. Administrators may continue the business, only to arrange a sale.

They cannot access any funds held by the deceased until they get letters of administration. Often there are day-to-day expenses that cannot wait until then, particularly if the deceased was self-employed. They may have to arrange a bank overdraft.