Commentary

I11.531 Accrual of interest

IHT, trusts and estates

I11.531 Accrual of interest

Interest on instalments

I11.531 Accrual of interest

Land

Where land is concerned, then (unless it is owned, as opposed to used, by a business, see I11.514, or is reduced in value by agricultural relief1) interest accrues on the balance of IHT outstanding from the date the first instalment of IHT becomes due2. Interest on the whole of the outstanding IHT will be payable with each further instalment. Where interest is due on a higher amount of IHT as a result of the changes introduced by F(No 2)A 2017 to the domicile rules (see I9.206), or the introduction of IHTA

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