Example F
Inheritance Tax
Notice of Determination
Under s.221, Inheritance Tax Act 1984
To: The trustee
| Date: | |
| Reference: |
The Commissioners of HMRC have determined –
(In relation to
A: the deemed disposal for the purposes of Inheritance Tax on
the death on xxx of xxx (“the deceased”)
B: the interest of the deceased in the xxx Will
Trust/Settlement(
IHTM16000)
That –
1.That part of the value transferred which is attributable to
the property passing under the settlement dated xxx/will of xxx
(“the settlor”) amounts to £xxx.
2.The tax on that chargeable transfer is £xxx, of which
£xxx is attributable to the above property.
3.Of the said tax of £xxx, the sum of £xxx remains
unpaid, together with interest thereon to date of £xxx.
4.As trustee of the will of the settlor/the settlement 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.
