Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Latest update for trusts and estates

08 April 2024
Issue: 4931 / Categories: News

HMRC has published its trusts and estates newsletter for March 2024. It contains information on the Spring Budget 2024 announcements including a reminder that, since 1 April 2024, personal representatives of estates no longer need to have sought commercial loans to pay inheritance tax before applying to obtain a ‘grant on credit’ from HMRC.

There are also articles on filing returns for deceased persons and estates in the administration period; reporting and paying tax on gains from life insurance policies after a death; basis period reform; applying for probate and paying inheritance tax following removal of form IHT421; and the inheritance tax helpline.

 

Issue: 4931 / Categories: News
back to top icon