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Interest on unpaid IHT runs, as a general rule, from the date on which the IHT became due. Thus, in respect of chargeable lifetime transfers (not PETs) made after 5 April and before 1 October interest runs from 30 April in the following year¹.

However, there are exceptions, namely:

1. Ìý

   (a)ÌýÌýÌýÌý interest runs from the end of the six month period beginning with the end of the month in which the chargeable event or death occurred where IHT becomes payable on²:

2. 1. Ìý

      (1)ÌýÌýÌýÌý breach of an undertaking or on a death (including tax or additional tax on a lifetime potentially exempt or chargeable transfer made within seven years of death)³

   2. Ìý

      (2)ÌýÌýÌýÌý a disposition involving designated objects of national, scientific, historic or artistic interest or land and buildings (with associated contents) of scenic, historic, scientific or architectural interest⁴

   3. Ìý

      (3)ÌýÌýÌýÌý timber elected to be left out of account when determining the value of the deemed chargeable transfer on the death of any person⁵, or

   4. Ìý

      (4)