Receive updates by email

Enter your address to receive emails of the new content added to this site. No spam.

  

Subscribe in a reader
Blog index
Search this blog
Tools
UK government sites
Other sites - UK
Other sites - non UK
Tax themed blogs
Law blogs
Finance blogs
« A merry dance | Main | Transferable nil rate band »
Friday
Feb132009

Interest on IHT

Date13 February 2009 in ,

Interest on inheritance tax due on an estate accrues from the end of the sixth month following death, under section 223(1)(b) IHTA 1984.  The current rate of interest is 1% p.a.  In Richardson v HMRC SpC 730, the executor sought to avoid payment of such interest on the various grounds that she had suffered delays not through her fault, and had been misdirected by HMRC.  It was confirmed that the interest was properly due.

Print ArticlePrint Article | | |

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.