Post-death variations in cross-border estates

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance

Post-death variations in cross-border estates

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance
imgtext

This guidance note briefly discusses the tax consequences of post-death variations in non-UK jurisdictions. Where there are any cross-border issues you should always take local advice.

Varying the IHT due on death ― UK

In the UK, inheritance tax on death may be altered or deferred in a number of ways:

  1. •

    by claiming relief where land or shares have been sold at a loss since death (see the Sale of land from a deceased estate and Sale of shares from a deceased estate guidance notes)

  2. •

    by an instrument of variation (see the Deeds of variation guidance note)

  3. •

    by disclaimer (see the Disclaiming a gift guidance note)

  4. •

    by a claim under the Inheritance (Provision for Family and Dependants) Act 1975 (see the Tax effects of court orders under the I(PFD)A 1975 guidance note)

  5. •

    by distributions within

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
Powered by Tolley+™

Popular Articles

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Bad debts

Bad debtsBad debts usually arise where goods or services have been provided to a customer, for which payment has not been received within a reasonable or specified time period, or for which the customer is unable to pay. It is necessary to determine the quantum of relief that can be claimed for bad

14 Jul 2020 15:34 | Produced by Tolley Read more Read more

Income tax paid on behalf of employee

Income tax paid on behalf of employeeIntroductionEmployers may wish to make payments of employment income to an employee / director without the employee suffering a tax or NIC cost on that pay. In other words, the employer wants to pay an amount net of tax and NIC. In some instances, often with

14 Jul 2020 11:58 | Produced by Tolley in association with Paul Tew Read more Read more