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Home / Simons-Taxes /IHT, trusts and estates /Part I1 Outline of and history to current IHT regime /Division I1.5 Overview of the IHT regime /The IHT charge on death / I1.521 Single grossing, double grossing and s39A
Commentary

I1.521 Single grossing, double grossing and s39A


IHT, trusts and estates

Any IHT due on the death estate is paid by the executors. However, which beneficiary bears the IHT is a more complicated question. The rules are:

  1. Ìý

    •ÌýÌýÌýÌý Specific gifts of UK assets are free of tax unless the Will states otherwise. The residuary beneficiaries will bear the tax

  2. Ìý

    •ÌýÌýÌýÌý Specific gifts of non-UK assets bear their own tax unless the Will states otherwise. The beneficiary of the specific gift will bear the tax

  3. Ìý

    •ÌýÌýÌýÌý Gifts with reservation of benefit will be taxed

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Web page updated on 17 Mar 2025 17:42