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The Inheritance Tax (Delivery of Accounts) (Excepted Transfers and Excepted Terminations) Regulations 2008

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3.—(1) Save as provided in paragraph (2), no person is required under section 216 to deliver an account of an excepted transfer or an excepted termination unless the Commissioners so require by notice in writing issued to that person.

(2) Paragraph (1) does not apply to—

(a)The duty on trustees to deliver an account under section 216(1)(b) where the transferor dies within seven years of the chargeable transfer;

(b)The duty on trustees and persons to deliver an account under section 216(1)(bb) and (bd)(1).

(3) If any person who has not delivered an account in reliance on paragraph (1) discovers at any time that the transfer is not an excepted transfer, or that the termination is not an excepted termination, the delivery to the Commissioners within six months of that time of an account of that transfer or termination shall satisfy any requirement to deliver an account imposed on that person.

(1)

Subsection (1)(bb) was inserted by paragraph 29 of Schedule 19 to the Finance Act 1986 (c. 41). Subsection (1)(bd) was inserted by paragraph 4 of Schedule 7 to the Finance (No.2) Act 1987 (c. 51).

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