Commentary

I11.414 Certificates of discharge of both property and persons

IHT, trusts and estates

I11.414 Certificates of discharge of both property and persons

I11.414 Certificates of discharge of both property and persons

Where a person who is or might be liable for IHT applies to the Board two years or more from the date of the transfer of value resulting in a liability to IHT (or earlier if the Board agrees), and the transferor has died, the Board must certify the amount of the IHT, if the IHT has been or is paid, or certify that no IHT is chargeable (a 'clearance certificate'). If the transferor is alive and the transfer was not a potentially exempt transfer the Board may issue a certificate on such an application1. A transfer of value includes occasions on which IHT is chargeable on settlements under IHTA 1984, ss 58–85 (Pt III, Ch III)2. A prerequisite is that the applicant deliver to the Board, if the transfer occurred on death, a full statement to the best of his knowledge and belief of all property included in the deceased's estate and, in any other case, a full and proper account3. If there is more than one title taxable on death HMRC expect the applicant to check with

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