Notice of Determination
Under s.221, Inheritance Tax Act 1984
To: The Executor
The Commissioners of HMRC have determined –
(In relation to the deemed transfer of value ( IHTM04025) on the death on xxx of xxx (“the deceased”)]
The value transferred on that occasion was £xxx and the tax chargeable thereon is £xxx.
Tax of £xxx is attributable to the property passing under the deceased’s Will, of which £xxx remains unpaid.
As personal representative you are liable for the payment of £xxx, with further interest on the unpaid tax until payment.
A caveat ( IHTM38294) applies to Notices issued to liable persons in Open Enquiry cases.