To ascertain the correct amount of tax to pay on a chargeable
occasion you will prepare an assessment, or several assessments.
The calculation of tax may be broken down into several parts.
You will need to prepare a separate assessment for each different
assessment group (
IHTM31012) at each Entry (
IHTM31011).
Example
T held personal assets and freehold property (upon which the
instalment option is claimed), and also had an interest in
possession (
IHTM16061) entitlement in a Will Trust
(containing quoted shares only) at the time of their death.
You will need to raise separate assessments for
