TSEM7390 - Deceased persons: tax reliefs for personal representatives

Personal representatives are liable to tax either at the basic rate, savings rate (for years where this rate applies) or the dividend rate on any chargeable income. From 6 April 2024, the personal representatives are not required to report or pay tax if the total income for any tax year is under £500.

They are entitled to claim general tax reliefs. These are tax reliefs that are not restricted to individuals or companies.

Examples of these reliefs are

• loss relief where the personal representatives are conducting a business
• interest on loans to pay inheritance tax.

See TSEM7391 for how these reliefs can be allowed in practice.