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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Excepted settlements - requirement to deliver an account

Where the trustees have not delivered an account in the belief that it is an excepted settlement, and they subsequently discover that the occasion of charge was not excepted from the requirement to deliver an account, then provided they deliver an account within six months of that discovery, they are treated as if they had delivered their account within the proper time frame.