Commentary

I10.203A Burden of tax on death—generally

IHT, trusts and estates

I10.203A Burden of tax on death—generally

I10.203A Burden of tax on death—generally

IHT as a testamentary expense

IHT, along with any interest on any outstanding IHT1, is borne by the deceased's estate, as part of the general testamentary and administration expenses, where2:

  1.  

    •     the deceased's personal representatives (PRs) are liable to pay IHT on the deceased's death

  2.  

    •     the tax relates to the IHT charge on his estate immediately before his death3

  3.  

    •     the property to which it relates is in the UK and vests in the PRs

  4.  

    •     it relates to property which was not comprised in a settlement immediately before his death

Any contrary intention

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial