A self-employed client has recently received 2 separate cash legacies.
It is my understanding that these are not liable for tax, but can someone confirm that I don't need to enter them on the self assessment return anywhere as income. Or the fact that he used these cash sums to purchase shares?
I have, of course, entered the dividends received from these shares. And will deal appropriately as and when he sells any of the shares.
Thanks in anticipation!