Example D
Inheritance Tax
Notice of Determination
Under s.221, Inheritance Tax Act 1984
To: The Executor
| Date: | |
| Reference: |
The Commissioners of HMRC have determined –
(In relation to the deemed transfer of value (
IHTM04025) on the death on xxx of xxx
(“the deceased”)]
That –
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.
