Section 241 — Inheritance Tax Act 1984: Overpayments.

Overpayments. 241 1 If it is proved to the satisfaction of the Board that too much tax has been paid on the value transferred by a chargeable transfer or on so much of that value as is attributable to any property, the Board shall repay the excess unless the claim for repayment was made more than 4 years after the date on which the payment or last payment of the tax was made.

2 References in this section to tax include references to interest on tax.