Instalment option availability for PETs

Trusts Discussion
1

Is the instalment option available where PETs have become CTs by virtue of the death within 7 years?

I feel I should know this but am not sure.

Lis

Lis Whybrow

WhatleyRecordon

Solicitors

12 Worcester Road

Malvern

Worcestershire WR14 4QU

Tel: 01684 892939

Fax: 01684 892327

2

In short, yes.

See IHTA 1984 s227(1A)(a) and (1C)(a) in particular.

Malcolm Finney