IHTM31775 - CTDs: Estate Duty
Estate Duty is not a scheduled liability and, therefore, cannot
be satisfied using a CTD. If the taxpayer wishes to satisfy an
Estate Duty claim from a CTD, the CTD has to be encashed as for the
IHT interest charge (
IHTM31774). The encashment date for the
CTD is either
- the
due date of the Duty - this will be the case if
the CTD is dated prior to the due date of the Duty
or
- the
date of the CTD - this will be the case if the CTD
is dated after the due date of the Duty.
In either case, send to CTD Team along with the completed
assessment,
- the completed tear-off slip FAO826/1
or
- the original CTD and letter which
accompanied it, if it is in your possession. If it is not please
send a memo stating that the taxpayer wishes to use the CTD against
an Estate Duty liability and the date of encashment required.
