Liability on cesser of an interest in possession on death is
governed by IHTA84/S200 and is dealt with in the section on
transfers on death (
IHTM30023).
Liability on lifetime cesser of an interest in possession and
for charges under the discretionary trust regime is governed by
IHTA84/S201 as shown in the following table
Persons liable |
Authority |
| The trustees ( IHTM30101) are primarily liable | IHTA84/S201 (1)(a) |
| If the tax remains unpaid after the due date (IHTA84/S204 (6)(b), the following persons are also liable to a limited extent ( IHTM30072). | |
| any person entitled (whether beneficially or not) to an interest in possession ( IHTM16061) in the settled property | IHTA84/S201 (1)(b) |
| any person for whose benefit any of the settled property or income from it is applied at or after the time of the transfer | IHTA84/S201(1)(c) |
| settlor (IHTM30110) if he is alive at the time of the chargeable event and the trustees are for the time being resident outside the United Kingdom. | IHTA84/S201(1)(d) |
