Hi All, My wife recently inherited an amount of cash after her grandmother passed away. We have never received money in this way so we are wondering how it needs to be reported when we fill out next year's ITRs. Is it income, or is there a "gift" category that you don't pay tax on, is it treated in a special way because it was an inheritance, or do we just ignore it? On a related note, we also recieve FTB at the moment - does my wife need to notify the FAO that she has received this money? I guess we should give them a call, but asking here is far less painful so I thought I'd try it first . Thanks. John.