We are dealing with an estate where a caveat has been lodged . The validity of the will is being contested.
IHT 400 has already been lodged and inheritance tax is due. Interest is now accruing. It is my understanding that the Executors do not have authority to pay the inheritance tax while the caveat is in place.
I have seen in a HMRC manual a similar example which suggests a Grant Pendente Lite is applied for. Do members agree this is the best way forward or am I wrong and can the executors simply pay the IHT ?
Northwood Banks & Co Ltd