Commentary

I9.122 Expenses of administration abroad

IHT, trusts and estates

I9.122 Expenses of administration abroad

I9.122 Expenses of administration abroad

The general principle is that the expenses of administering a deceased person's estate after his death are irrelevant in determining the value of his estate for IHT purposes because these are not a liability at the time of death. However, an allowance is made against the value of property situated outside the UK for any additional expenses of administration or realisation of the property over and above what it would have cost to deal with the property in the UK1 — see I8.228.

The cost of obtaining a foreign grant is allowable, but not the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial