The general principle is that the expenses of administering a deceased person's estate after his death are irrelevant in determining the value of his estate for IHT purposes because these are not a liability at the time of death. However, an allowance is made against the value of property situated outside the UK for any additional expenses of administration or realisation of the property over and above what it would have cost to deal with the property in the UK1
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:42