This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Inheritance Tax Manual

Accountability: when is an account not required?

The Board of HMRC may make regulations dispensing with the delivery of accounts, IHTA84/S256. At present accounts are not required for

In addition the formal rules may be relaxed in some circumstances for

  • lifetime transfers (IHTM10503)
  • a qualifying interest in possession (IHTM10505).

The other situation where there is no requirement for an accountable person to deliver an account is where a full and proper account of the property has already been delivered by someone else who

  • is or would be liable for the tax attributable to the value of the property, and
  • is not or would not be liable with the accountable person as trustee, IHTA84/S216 (5).

This rule does not apply in the case of an account to be delivered by the personal representatives.