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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

Liability and payment of tax: contents

 

 

Introduction
  1. IHTM30001
    Introduction
Liability
  1. IHTM30011
    Liability: Introduction
Liability: Liability on death transfers
  1. IHTM30021
    Liability: Liability on death transfers: The persons liable
  2. IHTM30022
    Liability: Liability on death transfers: Other unsettled property (except GWRs)
  3. IHTM30023
    Liability: Liability on death transfers: Settled property in which deceased had an interest in possession
  4. IHTM30024
    Liability: Liability on death transfers: Succession in Scotland
  5. IHTM30025
    Liability: Liability on death transfers: Interests under Superannuation Schemes
  6. IHTM30026
    Liability: Liability on death transfers: Priorities
Liability: Definition and extent of liability
  1. IHTM30031
    Liability: Definition and extent of liability: Personal representatives
  2. IHTM30032
    Liability: Definition and extent of liability: Extent of a personal representative's liability
  3. IHTM30033
    Liability: Definition and extent of liability: Nature of a personal representative's liability
  4. IHTM30034
    Liability: Definition and extent of liability: Trustees
  5. IHTM30035
    Liability: Definition and extent of liability: Persons liable under S200(1)(c)
  6. IHTM30036
    Liability: Definition and extent of liability: Persons excluded
  7. IHTM30037
    Liability: Definition and extent of liability: Property settled before the death
  8. IHTM30038
    Liability: Definition and extent of liability: Particular situations
  9. IHTM30039
    Liability: Definition and extent of liability: Policies effected by a person who dies domiciled outside the UK
Liability: Liability on potentially exempt transfers (PETs)
  1. IHTM30041
    Liability: Liability on potentially exempt transfers (PETs): Persons liable
  2. IHTM30042
    Liability: Liability on potentially exempt transfers (PETs): Priorities
  3. IHTM30043
    Liability: Liability on potentially exempt transfers (PETs): Recourse to transferor's personal representatives
  4. IHTM30044
    Liability: Liability on potentially exempt transfers (PETs): Practice relating to personal representatives
Liability: Definition and extent of liability (PETs)
  1. IHTM30051
    Liability: Definition and extent of liability (PETs): Transferee
  2. IHTM30052
    Liability: Definition and extent of liability (PETs): Persons liable under S199(1)(c)
  3. IHTM30053
    Liability: Definition and extent of liability (PETs): Persons excluded
  4. IHTM30054
    Liability: Definition and extent of liability (PETs): Objects of a discretionary trust
Liability: Liability on lifetime transfers chargeable when made
  1. IHTM30061
    Liability: Liability on lifetime transfers chargeable when made: Introduction
  2. IHTM30062
    Liability: Liability on lifetime transfers chargeable when made: Persons liable
Liability: Definition and extent of liability (lifetime transfers chargeable when made)
  1. IHTM30071
    Liability: Definition and extent of liability (lifetime transfers chargeable when made): Transferor
  2. IHTM30072
    Liability: Definition and extent of liability (lifetime transfers chargeable when made): Extent of liability of persons secondarily liable
  3. IHTM30073
    Liability: Definition and extent of liability (lifetime transfers chargeable when made): Spouse or civil partner of transferor
  4. IHTM30074
    Liability: Definition and extent of liability (lifetime transfers chargeable when made): Limitation on spouse's or civil partner's liability
Liability: Liability on gifts with reservation (GWRs)
  1. IHTM30081
    Liability: Liability on gifts with reservation (GWRs): Introduction
  2. IHTM30082
    Liability: Liability on gifts with reservation (GWRs): Persons liable when treated as a PET
  3. IHTM30083
    Liability: Liability on gifts with reservation (GWRs): Persons liable when treated as part of death estate
  4. IHTM30084
    Liability: Liability on gifts with reservation (GWRs): Definition and extent of liability
Liability: Liability on settled property
  1. IHTM30091
    Liability: Liability on settled property: Persons liable
Liability: Definition and extent of liability (settled property)
  1. IHTM30101
    Liability: Definition and extent of liability (settled property): Trustees
  2. IHTM30102
    Liability: Definition and extent of liability (settled property): Persons other than trustees
  3. IHTM30103
    Liability: Definition and extent of liability (settled property): Beneficiaries
  4. IHTM30104
    Liability: Definition and extent of liability (settled property): Recipients of benefit
Liability: The settlor
  1. IHTM30111
    Liability: The settlor: Definitions
  2. IHTM30112
    Liability: The settlor: Limitations on settlor's liability
  3. IHTM30113
    Liability: The settlor: PETs
  4. IHTM30114
    Liability: The settlor: Death charge on lifetime transfers chargeable when made
  5. IHTM30115
    Liability: The settlor: Settlement made before 11 December 1974
Liability: Liability in special cases
  1. IHTM30121
    Liability: Liability in special cases: Heritage property
  2. IHTM30122
    Liability: Liability in special cases: Discretionary trust charges and heritage property
  3. IHTM30123
    Liability: Liability in special cases: Woodlands
  4. IHTM30124
    Liability: Liability in special cases: Transfers by a close company
  5. IHTM30125
    Liability: Liability in special cases: liability of purchaser
General payment rule
  1. IHTM30140
    General payment rule
Due date for payment
  1. IHTM30151
    Due date for payment: Death transfers
  2. IHTM30152
    Due date for payment: Other charges arising on death
  3. IHTM30153
    Due date for payment: Lifetime transfers chargeable when made
  4. IHTM30154
    Due date for payment: Discretionary trusts
  5. IHTM30155
    Due date for payment: Conditionally exempt property
  6. IHTM30156
    Due date for payment: Woodlands
  7. IHTM30157
    Due date for payment: Payment before due date
  8. IHTM30158
    Due date for payment: Request to pay in advance
  9. IHTM30159
    Due date for payment: Postponing payment
Tax payable on taking out of grant
  1. IHTM30171
    Tax payable on taking out of grant: Inheritance Tax rates
  2. IHTM30172
    Tax payable on taking out of grant: Non-instalment option property
Tax payable on taking out of grant: Payment methods
  1. IHTM30181
    Tax payable on taking out of grant: Payment methods: Payment by cheque
  2. IHTM30182
    Tax payable on taking out of grant: Payment methods: Payment by electronic transfer
  3. IHTM30183
    Tax payable on taking out of grant: Payment methods: Payment by National Savings or government stock
  4. IHTM30184
    Tax payable on taking out of grant: Payment methods: Payment by IHT Direct Payment Scheme
  5. IHTM30185
    Tax payable on taking out of grant: Payment methods: Payment by transfer of land or chattels
  6. IHTM30186
    Tax payable on taking out of grant: Payment methods: Payment by Certificates of Tax Deposit
  7. IHTM30187
    Tax payable on taking out of grant: Payment methods: Payment out of tax repayments
Instalment option
  1. IHTM30191
    Instalment option: Introduction
Instalment option: Payment by instalments
  1. IHTM30201
    Instalment option: Payment by instalments: When instalments are payable
  2. IHTM30202
    Instalment option: Payment by instalments: Election
  3. IHTM30203
    Instalment option: Payment by instalments: Request to elect for instalments after tax paid in one sum
  4. IHTM30204
    Instalment option: Payment by instalments: Option where additional tax payable
Instalment option: Transfers on death
  1. IHTM30211
    Instalment option: Transfers on death: Introduction
  2. IHTM30212
    Instalment option: Transfers on death: Categories of qualifying property
  3. IHTM30213
    Instalment option: Transfers on death: Land
  4. IHTM30214
    Instalment option: Transfers on death: Businesses and interests in businesses
  5. IHTM30215
    Instalment option: Transfers on death: Shares and securities
  6. IHTM30216
    Instalment option: Transfers on death: Meaning of 'unquoted' for instalments
  7. IHTM30217
    Instalment option: Transfers on death: Control holdings of shares and securities
  8. IHTM30218
    Instalment option: Transfers on death: Unquoted shares - undue hardship
  9. IHTM30219
    Instalment option: Transfers on death: Unquoted shares - 20% tax test
  10. IHTM30220
    Instalment option: Transfers on death: Unquoted shares - £20,000 value and 10% nominal value test
Instalment option: PETs
  1. IHTM30231
    Instalment option: PETs: Deaths before 17 March 1987
Instalment option: Transfers and other events on or after 17 March 1987
  1. IHTM30241
    Instalment option: Transfers and other events on or after 17 March 1987: The conditions
  2. IHTM30242
    Instalment option: Transfers and other events on or after 17 March 1987: Unquoted shares
  3. IHTM30243
    Instalment option: Transfers and other events on or after 17 March 1987: Settled property
  4. IHTM30244
    Instalment option: Transfers and other events on or after 17 March 1987: The transferee
Instalment option: Qualifying property (PETs)
  1. IHTM30251
    Instalment option: Qualifying property (PETs): Land
  2. IHTM30252
    Instalment option: Qualifying property (PETs): Businesses and interest in businesses
  3. IHTM30253
    Instalment option: Qualifying property (PETs): Control holdings
  4. IHTM30254
    Instalment option: Qualifying property (PETs): Unquoted shares or securities - undue hardship
  5. IHTM30255
    Instalment option: Qualifying property (PETs): Unquoted shares or securities - 20% tax test
  6. IHTM30256
    Instalment option: Qualifying property (PETs): Unquoted shares - £20,000 value and 10% nominal value
Instalment option: Lifetime transfers chargeable when made
  1. IHTM30261
    Instalment option: Lifetime transfers chargeable when made: Introduction
  2. IHTM30262
    Instalment option: Lifetime transfers chargeable when made: Tax immediately payable
  3. IHTM30263
    Instalment option: Lifetime transfers chargeable when made: Additional tax payable on death of transferor
  4. IHTM30264
    Instalment option: Lifetime transfers chargeable when made: Previous legislation and lifetime transfers
  5. IHTM30265
    Instalment option: Lifetime transfers chargeable when made: Qualifying property
Instalment option: Gifts with reservation
  1. IHTM30271
    Instalment option: Gifts with reservation: Deceased's residence
  2. IHTM30272
    Instalment option: Gifts with reservation: Other qualifying property
Instalment option: Lifetime cesser of an interest in possession
  1. IHTM30281
    Instalment option: Lifetime cesser of an interest in possession: Introduction
  2. IHTM30282
    Instalment option: Lifetime cesser of an interest in possession: Cesser a PET
  3. IHTM30283
    Instalment option: Lifetime cesser of an interest in possession: Cesser taxable when made
Instalment option: Discretionary trusts
  1. IHTM30290
    Instalment option: Discretionary trusts
Instalment option: Woodlands
  1. IHTM30300
    Instalment option: Woodlands
Instalment option: Attribution process
  1. IHTM30311
    Instalment option: Attribution process: Introduction
  2. IHTM30312
    Instalment option: Attribution process: Lifetime transfers
  3. IHTM30313
    Instalment option: Attribution process: Death estate
Instalment option: End of instalment option
  1. IHTM30321
    Instalment option: End of instalment option: Introduction
  2. IHTM30322
    Instalment option: End of instalment option: Meaning of 'sold'
  3. IHTM30323
    Instalment option: End of instalment option: Underwriting interests
  4. IHTM30324
    Instalment option: End of instalment option: Chargeable transfers otherwise than on death
Interest
  1. IHTM30341
    Interest: Introduction
Interest: Rates of interest
  1. IHTM30351
    Interest: Rates of interest: Background
  2. IHTM30352
    Interest: Rates of interest: The rates
  3. IHTM30353
    Interest: Rates of interest: The higher and lower rates before 16 December 1986
Interest: Interest period
  1. IHTM30361
    Interest: Interest period: General rule
  2. IHTM30362
    Interest: Interest period: Instalments without interest relief
  3. IHTM30363
    Interest: Interest period: Instalments with interest relief
Interest: Special rules
  1. IHTM30371
    Interest: Special rules: Inheritance (Provision for Family & Dependants) Act 1975
  2. IHTM30372
    Interest: Special rules: Voidable transfers
  3. IHTM30373
    Interest: Special rules: Property accepted in satisfaction of tax
  4. IHTM30374
    Interest: Special rules: Scotland - legitim
  5. IHTM30375
    Interest: Special rules: Settled property - sales and mortgages of reversionary interests
Adjustment of tax paid
  1. IHTM30401
    Adjustment of tax paid: Underpayments
  2. IHTM30402
    Adjustment of tax paid: Repayments
Adjustment of tax paid: Reopening IHT liabilities
  1. IHTM30411
    Adjustment of tax paid: Reopening IHT liabilities: Introduction
  2. IHTM30412
    Adjustment of tax paid: Reopening IHT liabilities: Procedure
Adjustment of tax paid: Reconsideration of value
  1. IHTM30421
    Adjustment of tax paid: Reconsideration of value: Introduction
Adjustment of tax paid: Reconsideration of value: Reconsideration by taxpayers
  1. IHTM30431
    Adjustment of tax paid: Reconsideration of value - reconsideration by taxpayers: Bars to reopening value
  2. IHTM30432
    Adjustment of tax paid: Reconsideration of value - reconsideration by taxpayers: Changed circumstances
  3. IHTM30433
    Adjustment of tax paid: Reconsideration of value - reconsideration by taxpayers: Unquoted shares
  4. IHTM30434
    Adjustment of tax paid: Reconsideration of value - reconsideration by taxpayers: Land and buildings
  5. IHTM30435
    Adjustment of tax paid: Reconsideration of value - reconsideration by taxpayers: Decrease requested
Adjustment of tax paid: Reconsideration of value: Reconsideration by HMRC
  1. IHTM30441
    Adjustment of tax paid: Reconsideration of value - reconsideration by HMRC: General rules
  2. IHTM30442
    Adjustment of tax paid: Reconsideration of value - reconsideration by HMRC: Agreements
  3. IHTM30443
    Adjustment of tax paid: Reconsideration of value - reconsideration by HMRC: Valuation Office Agency
  4. IHTM30444
    Adjustment of tax paid: Reconsideration of value - reconsideration by HMRC: Shares and Assets Valuation
  5. IHTM30445
    Adjustment of tax paid: Reconsideration of value - reconsideration by HMRC: Effect of a sale
Adjustment of tax paid: Determination of questions on previous view of the law
  1. IHTM30451
    Adjustment of tax paid: Determination of questions on previous view of the law: Scope of IHTA84/S255
  2. IHTM30452
    Adjustment of tax paid: Determination of questions on previous view of the law: HMRC law
  3. IHTM30453
    Adjustment of tax paid: Determination of questions on previous view of the law: Disputed cases
  4. IHTM30454
    Adjustment of tax paid: Determination of questions on previous view of the law: Payment and acceptance of tax
  5. IHTM30455
    Adjustment of tax paid: Determination of questions on previous view of the law: Delay by HMRC
  6. IHTM30456
    Adjustment of tax paid: Determination of questions on previous view of the law: Instalment cases
  7. IHTM30457
    Adjustment of tax paid: Determination of questions on previous view of the law: Amendments after the change of practice
Adjustment of tax paid: Limitation of liability by lapse of time
  1. IHTM30461
    Adjustment of tax paid: Limitation of liability by lapse of time: Statutory provisions
  2. IHTM30462
    Adjustment of tax paid: Limitation of liability by lapse of time: Time limits for recovery of unpaid tax
  3. IHTM30463
    Adjustment of tax paid: Limitation of liability by lapse of time: Provisional calculations
  4. IHTM30464
    Adjustment of tax paid: Limitation of liability by lapse of time: Property in the hands of purchasers
Remissions
  1. IHTM30501
    Remissions: Introduction
  2. IHTM30502
    Remissions: Distinction between remissions and irrecoverable assessments
  3. IHTM30503
    Remissions: When a claim may be discharged
Remissions: Remission of interest
  1. IHTM30521
    Remissions: Remission of interest: Introduction
  2. IHTM30522
    Remissions: Remission of interest: Delay cases (Code of Practice)
  3. IHTM30523
    Remissions: Remission of interest: Procedure in delay cases
  4. IHTM30524
    Remissions: Remission of interest: Guidelines in delay cases
Remissions: Compromise cases
  1. IHTM30531
    Remissions: Compromise cases: Points of law
  2. IHTM30532
    Remissions: Compromise cases: Unenforceable claims
  3. IHTM30533
    Remissions: Compromise cases: Assessments
  4. IHTM30534
    Remissions: Compromise cases: Reference to Debt Management and Banking
Remissions: Erroneous or excessive repayments of tax
  1. IHTM30551
    Remissions: Erroneous or excessive repayments of tax: Over-repayments to be reported
  2. IHTM30552
    Remissions: Erroneous or excessive repayments of tax: Repayment of deposits
  3. IHTM30553
    Remissions: Erroneous or excessive repayments of tax: Recovery procedures
  4. IHTM30554
    Remissions: Erroneous or excessive repayments of tax: Interest supplement