The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2006

• Citation: S.I. 2006/2141
• Sections: 5

Section 1 Citation, commencement, effect and interpretation

(1) These Regulations may be cited as the Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2006.

(2) These Regulations shall come into force on 1st September 2006, and shall have effect in relation to deaths occurring on or after that day.

(3) In these Regulations “the principal Regulations ” means the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2004 .

Section 2 Amendment of the principal Regulations: general

The principal Regulations are amended as follows.

Section 3 Amendment of regulation 2

In regulation 2 (interpretation), in the definition of “the Board”, for “Commissioners of Inland Revenue” substitute “Commissioners for Her Majesty’s Revenue and Customs”.

Section 4 Amendment of regulation 4

(1) Regulation 4 (excepted estates) is amended as follows.

(2) In paragraph (1) for “(4)” substitute “(5)”.

(3) In each of paragraphs (2) and (3)—

(a) in sub-paragraph (c)(i) for “£100,000” substitute “£150,000”;

(b) in sub-paragraph (c)(ii) for “£75,000” substitute “£100,000”;

(c) after sub-paragraph (c) insert the following sub-paragraph—

(ca) that person was not a person by reason of whose death one of the alternatively secured pension fund provisions applies;

(d) in sub-paragraph (d) for “£100,000” substitute “£150,000”.

(4) In paragraph (5)—

(a) for sub-paragraph (b) substitute the following sub-paragraphs—

(b) that person was never domiciled in the United Kingdom or treated as domiciled in the United Kingdom by section 267 of the 1984 Act ;

(ba) that person was not a person by reason of whose death one of the alternatively secured pension fund provisions applies; and

(b) in sub-paragraph (c) for “£100,000” substitute “£150,000”.

(5) After paragraph (8) insert—

(9) In this regulation “the alternatively secured pension fund provisions” means the following sections of the 1984 Act—

(a) section 151A (person dying with alternatively secured pension fund) ;

(b) section 151B (relevant dependant with pension fund inherited from member over 75); and

(c) section 151C (dependant dying with other pension fund).

Section 5 Amendment of regulation 9

In regulation 9 (discharge of persons and property from tax) for “9” substitute “8”.