Commentary

I4.143 Expenses incurred abroad

IHT, trusts and estates

I4.143 Expenses incurred abroad

I4.143 Expenses incurred abroad

In determining the value of a person's estate immediately before his death an allowance against the value of property situated outside the UK is made in respect of any expense incurred in administering or realising the property which is shown to be attributable to the situation of the property, but the allowance must not exceed 5% of the value of the property1.

The allowance is for additional expenses only, ie the excess of expenditure over and above what it would have cost to deal with the property in the UK. The cost of obtaining a foreign

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