I1.5110 Liability And Incidence

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Commentary

IHT, trusts and estates

I1.5110 Liability and incidence

Liability concerns who must pay the tax. Incidence concerns who must bear the tax.

Liability on death

The personal representatives are primarily liable for any IHT arising on the death estate.

The donee is primarily liable for IHT due on a PET which has become chargeable, a chargeable lifetime transfer on which additional tax is due or a gift with reservation.

Trustees are responsible for any IHT arising on the value of a qualifying

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