IHTM31512 - Assessing: calculating interest: simple cases

In most cases you can simply charge interest on:

• the tax now due
• from the due date (IHTM30151)
• to the date of the calculation.

But you will have to reduce the interest charge where:

• there are deposits (IHTM31751) on account to use against the tax, or
• the estate contains newly advised Income Tax or Capital Gains Tax repayments (IHTM31515).