Inheritance Tax Act 1984
Sections and provisions with full text and the judgments that cite each one.
Section 230 — Acceptance of property in satisfaction of tax.
Acceptance of property in satisfaction of tax. 230 1 The Board may, if they think fit and the Secretary of State agrees , on the application of any person liable to pay tax or interest payable under…
Section 231 — Powers to transfer property in satisfaction of tax.
Powers to transfer property in satisfaction of tax. 231 1 Where a person has power to sell any property in order to raise money for the payment of tax, he may agree with the Board for the property to…
Section 232 — Administration actions.
Administration actions. 232 Where proceedings are pending in any court for the administration of any property to the value of which any tax charged on the value transferred by a chargeable transfer…
Section 233 — Interest on unpaid tax.
Interest on unpaid tax. 233 1 If— a an amount of tax charged on the value transferred by a chargeable transfer not within paragraph (aa) below and made after 5th April and before 1st October in any…
Section 234 — Interest on instalments.
Interest on instalments. 234 1 Where tax payable on the value transferred by a chargeable transfer— a is payable by instalments under section 227 above and is attributable to — i value treated as…
Section 235 — Interest on overpaid tax.
Interest on overpaid tax. 235 1 Any repayment of an amount paid in excess of a liability for tax or for interest on tax shall carry interest from the date on which the payment was made until the…
Section 236 — Special cases.
Special cases. 236 1 Section 233 above shall apply in relation to— a the amount by which tax chargeable on the value transferred by a chargeable transfer made within seven years of the transferor’s…
Section 237 — Imposition of charge.
Imposition of charge. 237 1 Except as otherwise provided, where any tax charged on the value transferred by a chargeable transfer, or any interest on it, is for the time being unpaid a charge for the…
Section 238 — Effect of purchases.
Effect of purchases. 238 1 Where property subject to an Inland Revenue charge, or an interest in such property, is disposed of to a purchaser, then if at the time of the disposition— a in the case of…
Section 239 — Certificates of discharge.
Certificates of discharge. 239 1 Where application is made to the Board by a person liable for any tax on the value transferred by a chargeable transfer which is attributable to the value of property…
Section 240 — Underpayments.
Underpayments. 240 1 Where too little tax has been paid in respect of a chargeable transfer the tax underpaid shall be payable with interest under section 233 above, whether or not the amount that…
Section 240A — Underpayments: supplementary
Underpayments: supplementary 240A 1 This section applies for the purposes of section 240. 2 A loss of tax is brought about carelessly by a person if the person fails to take reasonable care to avoid…
Section 240B — Underpayments involving offshore matters etc
Underpayments involving offshore matters etc 240B 1 This section applies in a case within section 240(2) which involves a loss of tax in relation to a chargeable transfer, where— a the lost tax…
Section 241 — 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…
Section 242 — Recovery of tax.
Recovery of tax. 242 1 The Board shall not take any legal proceedings for the recovery of any amount of tax or of interest on tax which is due from any person unless the amount has been agreed in…
Section 243 — Scotland: recovery of tax in sheriff court.
Scotland: recovery of tax in sheriff court. 243 In Scotland, tax and interest on tax may, without prejudice to any other remedy, and if the amount of the tax and interest does not exceed the sum for…
Section 244 — Rights to address court.
Rights to address court. 244 An officer of the Board who is authorised by the Board to do so may address the court in any proceedings in a . . . sheriff court for the recovery of tax or interest on…
Section 245 — Failure to deliver accounts.
Failure to deliver accounts. 245 1 This section applies where a person (“ the taxpayer ”) fails to deliver an account under section 216 or 217 above. 2 The taxpayer shall be liable— a to a penalty of…
Section 245A — Failure to provide information etc.
Failure to provide information etc. 245A 1 A person who fails to make a return under section 218 above shall be liable— a to a penalty not exceeding £300; and b to a further penalty not exceeding £60…
Section 246 — . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Section 247 — Provision of incorrect information.
Provision of incorrect information. 247 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Any person not liable for…
Section 248 — Failure to remedy errors.
Failure to remedy errors. 248 1 If after any . . . information or document has been . . . furnished or produced by any person without fraud or negligence it comes to his notice that it was incorrect…
Section 249 — Recovery of penalties.
Recovery of penalties. 249 1 All proceedings for the recovery of penalties under this Part of this Act shall be commenced by the Board, or in Scotland, by the Board or the Lord Advocate. 2 Any such…
Section 250 — Time limit for recovery.
Time limit for recovery. 250 1 No proceedings for the recovery of a penalty under this Part of this Act shall be brought after the end of the period of three years beginning with the date on which…
Section 251 — Appeals against summary determination of penalties.
Appeals against summary determination of penalties. 251 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 252 — Effect of award by the tribunal .
Effect of award by the tribunal . 252 Any penalty awarded by the tribunal shall be recoverable by the Board as a debt due to the Crown.
Section 253 — Mitigation of penalties.
Mitigation of penalties. 253 The Board may in their discretion mitigate any penalty, or stay or compound any proceedings for recovery of any penalty, and may also, after judgment, further mitigate or…
Section 254 — Evidence.
Evidence. 254 1 For the purposes of the preceding provisions of this Part of this Act, a notice under section 221 above specifying any determination which can no longer be varied or quashed on appeal…
Section 255 — Determination of questions on previous view of law.
Determination of questions on previous view of law. 255 Where any payment has been made and accepted in satisfaction of any liability for tax and on a view of the law then generally received or…
Section 256 — Regulations about accounts, etc.
Regulations about accounts, etc. 256 1 The Board may make regulations— a dispensing with the delivery of accounts under section 216 above in such cases as may be specified in or determined under the…
Section 257 — Form etc. of accounts.
Form etc. of accounts. 257 1 All accounts and other documents required for the purposes of this Act shall be in such form and shall contain such particulars as may be prescribed by the Board. 2 All…
Section 258 — Service of documents.
Service of documents. 258 A notice or other document which is to be served on a person under this Act may be delivered to him or left at his usual or last known place of residence or served by post,…
Section 259 — Inspection of records.
Inspection of records. 259 Section 16 of the Stamp Act 1891, section 56 of the Finance Act 1946 and section 27 of the Finance (No.2) Act (Northern Ireland) 1946 (inspection of public records and…
Section 260 — Inland Revenue Regulation Act 1890.
Inland Revenue Regulation Act 1890. 260 Sections 21, 22 and 35 of the Inland Revenue Regulation Act 1890 (proceedings for fines, etc.) shall not apply in relation to inheritance tax .
Section 261 — Scotland inventories.
Scotland inventories. 261 In the application of this Part of this Act to Scotland, references to an account required to be delivered to the Board by the personal representatives of a deceased person,…
Section 262 — Tax chargeable in certain cases of future payments, etc.
Tax chargeable in certain cases of future payments, etc. 262 1 Where a disposition made for a consideration in money or money’s worth is a transfer of value and any payments made or assets…
Section 263 — Annuity purchased in conjunction with life policy.
Annuity purchased in conjunction with life policy. 263 1 Where— a a policy of life insurance is issued in respect of an insurance made after 26th March 1974 or is after that date varied or…
Section 264 — Transfers reported late.
Transfers reported late. 264 1 This section has effect where a person has made a transfer of value (“the earlier transfer”) which— a is not notified to the Board in an account under section 216 above…
Section 265 — Chargeable transfers affecting more than one property.
Chargeable transfers affecting more than one property. 265 Where the value transferred by a chargeable transfer is determined by reference to the values of more than one property the tax chargeable…
Section 266 — More than one chargeable transfer on one day.
More than one chargeable transfer on one day. 266 1 Where the value transferred by more than one chargeable transfer made by the same person on the same day depends on the order in which the…
Section 267 — Persons treated as domiciled in United Kingdom.
Persons treated as domiciled in United Kingdom. 267 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 267A — Limited liability partnerships.
Limited liability partnerships. 267A For the purposes of this Act and any other enactments relating to inheritance tax— a property to which a limited liability partnership is entitled, or which it…
Section 267ZA — Election to be treated as domiciled in United Kingdom
Election to be treated as domiciled in United Kingdom 267ZA 1 A person may, if condition A or B is met, elect to be treated for the purposes of this Act as domiciled in the United Kingdom (and not…
Section 267ZB — Section 267ZA: further provision about election
Section 267ZA: further provision about election 267ZB 1 For the purposes of this section— a references to a lifetime election are to an election made by virtue of section 267ZA(3), and b references…
Section 267ZC — Election to be treated as a long-term UK resident
Election to be treated as a long-term UK resident 267ZC 1 A person (“ P ”) who would not otherwise be a long-term UK resident is treated as one for the purposes of this Act at any time when an…
Section 267ZD — Further provision about elections under section 267ZC
Further provision about elections under section 267ZC 267ZD 1 An election under section 267ZC— a must be made by notice in writing to HMRC, and b has effect from such date as is, in accordance with…
Section 267ZE — Subject of domicile election treated as a long-term UK resident
Subject of domicile election treated as a long-term UK resident 267ZE 1 This section applies where an election under section 267ZA has effect in relation to a person immediately before 6 April 2025…
Section 267ZF — Double taxation conventions operating by reference to deemed domicile
Double taxation conventions operating by reference to deemed domicile 267ZF 1 This section applies to a case in which the application of any arrangements having effect under section 158 (double…
Section 268 — Associated operations.
Associated operations. 268 1 In this Act “ associated operations ” means, subject to subsection (2) below, any two or more operations of any kind, being— a operations which affect the same property,…
Section 269 — Control of company.
Control of company. 269 1 For the purposes of this Act a person has control of a company at any time if he then has the control of powers of voting on all questions affecting the company as a whole…