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).