Commentary

I10.242 Refund by instalments

IHT, trusts and estates

I10.242 Refund by instalments

I10.242 Refund by instalments

Where a person has paid IHT which he is entitled to recover from another person1 and which he could have paid by ten annual instalments2, he can recover the IHT only by the same instalments (with the same interest thereon) as he himself could have paid, unless agreement is reached to the contrary3.

Personal representatives (PRs) should exercise the option to pay by instalments in order to defer payment of IHT until after they have obtained probate or letters of administration. If the instalment option is available on property which is directed to bear its own IHT

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