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Where Taxpayers and Advisers Meet

Inheritance Tax Payment

zaxtab
Posts:36
Joined:Thu Jul 09, 2020 9:08 pm
Inheritance Tax Payment

Postby zaxtab » Wed Jul 31, 2024 4:33 pm

If any IHT that is due following a death can be paid from the estate,..how can this be achieved if probate can only be obtained after paying IHT to HMRC/

AGoodman
Posts:1829
Joined:Fri May 16, 2014 3:47 pm

Re: Inheritance Tax Payment

Postby AGoodman » Thu Aug 01, 2024 9:12 am

Most UK banks will release cash to pay IHT using IHT423
Some assets can be realised without probate
Life insurance
Borrowing from family or institutions
Tax on land and unlisted shares can be paid over ten instalments.
I believe there may now be a route without full payment of IHT if all options have been explored and funding can't be obtained.


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