Commentary

I11.404 Tax and additional tax on lifetime transfers arising on a transferor's or settlor's death

IHT, trusts and estates

I11.404 Tax and additional tax on lifetime transfers arising on a transferor's or settlor's death

I11.404 Tax and additional tax on lifetime transfers arising on a transferor's or settlor's death

Any additional tax payable as a result of the transferor's or settlor's death within seven years of the transfer (for example, additional tax payable on the death of the transferor within seven years of having made an immediately chargeable transfer) is due six months after the end of the month in which the death occurred1. The same due date applies to additional tax on settled property with no interest in possession where the settlor's death causes an increase in the exit or periodic charge rate

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