Commentary

I11.401 Due date and method of payment

IHT, trusts and estates

I11.401 Due date and method of payment

Division I11.4     Payment of IHT

For updates affecting this Division please see 'Binder 8 updates'

Payment of IHT

I11.401 Due date and method of payment

The general rule is that IHT is due six months after the end of the month in which the chargeable transfer was made. Where the chargeable transfer is due to death, the IHT is due six months after the end of the month in which the death occurred1. For charges arising on or after 6 April 2014, for certain trusts without an interest in possession2 (Divisions I5.3–I5.6), this rule also applies so that IHT is due six months after the end of the month in which the chargeable transfer was made3.

The general rule is subject to two main exceptions, First, in the case of a transfer (otherwise than on death) on which the IHT charge is immediate (ie not contingent on the transferor or settlor dying within a subsequent period), and which is made after 5 April and before 1 October, the IHT is due on 30 April in the next following

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