Notice of Determination
Under s.221, Inheritance Tax Act 1984
To: The trustee
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)
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.