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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Deceased persons: interests in residue: practical and computational aspects - time limit

The normal four-year time limit applies to any assessments or repayments in respect of income deemed to be that of a beneficiary.

Sometimes the administration period of an estate may take much longer than four years. To cater for this there is a special time limit in ITTOIA/S682(5) for non-corporate beneficiaries, and in CTA 2009/S965(5) for corporate beneficiaries. This time limit allows assessments and repayments to be made for any year. For non-corporate beneficiaries, the assessment or claim must be made within three years of the end of the year of assessment in which the administration of the estate was completed. For corporate beneficiaries, the assessment or claim must be made within three years of the 31 January following the accounting period in which the administration of the estate was completed.