Does anyone have experience about overage agreements and how the capital payment is taxed in an estate?
I am dealing with an estate that was finalised in 2018.
When the property was sold in the estate an overage clause was included. The property/land has now been developed and a lump sum is due to the estate.
The estate was subject to IHT originally.
I cannot seem to find much information online as to how this may be taxed in the estate.