Commentary

I11.304 Conclusiveness of determination

IHT, trusts and estates

I11.304 Conclusiveness of determination

I11.304 Conclusiveness of determination

(a) When conclusive against recipient of notice If the recipient does not appeal1 the determination is conclusive on the individual on whom notice is served2. The determination may be varied by agreement in writing between the Board and the recipient or may be confirmed, varied or quashed on the determination of the appeal3.

(b) When conclusive against all persons Where a notice has been served on the transferor, which specifies the value transferred (or previously transferred by a chargeable transfer), that determination, if relevant to IHT chargeable in respect of subsequent transfers (whether or not made by

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