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Legislation
Inheritance Tax Act 1984

Chapter 2A 100% Relief allowance and 100% trust relief allowance

  • Section 124D 100% relief allowance
  • Section 124E Transfer of unused 100% relief allowance
  • Section 124F Claims under section 124E
  • Section 124G 100% trust relief allowance (relevant property)
  • Section 124H Trust maximum allowance
  • Section 124I Trust maximum allowance (qualifying pre-commencement settlements)
  • Section 124J 100% trust relief allowance (special trusts)
  • Section 124K 100% trust relief allowance (age 18-to-25 trusts)
  1. Chapter 2A
  2. Claims under section 124E

Section 124F | Claims under section 124E F1

From legislation.gov.uk

(1)A claim under section 124E may be made—

(a)by the personal representatives of the survivor within the permitted period, or

(b)(if no claim is so made) by any other person liable to the tax chargeable on the survivor's death within such later period as an officer of Revenue and Customs may in the particular case allow.

(2)If no claim under section 124E above has been made in relation to a person (P) by reference to whose death that section applies in relation to the survivor, the claim under that section in relation to the survivor may include a claim under that section in relation to P if that does not affect the tax chargeable on the value transferred by the chargeable transfer of value made on P's death.

(3)In subsection (1)(a) “the permitted period” means—

(a)the period of four years from the end of the month in which the survivor dies or (if it ends later) the period of six months beginning with the date on which the personal representatives first act as such, or

(b)such longer period as an officer of Revenue and Customs may in the particular case allow.

(4)A claim made within either of the periods mentioned in subsection (3)(a) may be withdrawn no later than one month after the end of the period concerned.

Notes

  1. F1

    Pt. 5 Ch. 2A inserted (with effect in accordance with Sch. 12 para. 17 of the amending Act) by Finance Act 2026 (c. 11), Sch. 12 paras. 4, 17

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