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).
