The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021

Amendment of the principal Regulations

5.  For regulation 6 of the principal Regulations and its heading substitute—

“Production of information: deceased domiciled in the United Kingdom

6.— (1) Subject to paragraph (3), and where the circumstances prescribed by regulation 4(2) or 4(3) apply, a person who by virtue of these Regulations is not required to deliver to the Board an account under section 216 of the 1984 Act of the property comprised in an excepted estate, must produce the information specified in paragraph (2) to the Board in such form as the Board may prescribe.

(2) The information specified for the purpose of paragraph (1) is—

(a) the following details in relation to the deceased—

(i) full name;

(ii) date of death; and

(b) the following details in relation to the deceased’s estate—

(i) the gross value of the estate for inheritance tax;

(ii) the net value of the estate for inheritance tax;

(iii) the net qualifying value of the estate; and

(iv) a declaration that the estate is an excepted estate.

(3) Paragraph (1) does not apply if the information specified in paragraph (2) has been produced in an account under section 216 of the 1984 Act of the property comprised in the excepted estate that has been delivered to the Board.

(4) In this regulation “gross value of the estate for inheritance tax”, “net value of the estate for inheritance tax” and “net qualifying value of the estate” have the same meaning as in regulation 4.”.