IHTM30154 - Due date for payment:
discretionary trusts
The tax charged under Chapter III Part III IHTA 1984 is
payable
- for chargeable events after 5 April and
before 1 October, on 30 April in the following year
and
- for chargeable events after 30 September
and before 6 April, six months after the end of the month in which
the chargeable event took place.
There are two exceptions to this general rule
- additional tax payable on a chargeable
transfer made under Chapter III where the settlor dies within seven
years (
IHTM30152).
and
- tax chargeable on conditionally exempt
property (
IHTM30155).
