Administrators can usually say when they have completed all
their duties. Sometimes it is difficult for them to give a precise
finishing date.
They prepare a statement of account showing what has come in,
and what is payable out. Outgoings include expenses and inheritance
tax. The administrators then calculate the amount of
‘residue’. This account is known as the
‘ascertainment of residue’.
Normally the date of ascertainment of residue will be the end
of the administration period. Occasionally the facts may show that
the administration period ended at some other date.
