# The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2003

S.I. 2003/1658 · made 25 June 2003

These Regulations (“the amending Regulations”) amend the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2002 (S.I. 2002/1733) (“the 2002 Regulations”).

Made under: Inheritance Tax Act 1984 (Section 256)

PDFs: Printed copy https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-estates-amendment-regulations-2003/pdf/uksi_20031658_en.pdf

## Introductory text

INHERITANCE TAX
Made 25th June 2003
Laid before the House of Commons 30th June 2003
Coming into force 1st August 2003
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 256(1)(a) of the Inheritance Tax Act 1984 , hereby make the following Regulations:

## 1 Citation, commencement, and effect

These Regulations may be cited as the Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2003, shall come into force on 1st August 2003, and shall have effect in relation to deaths occurring on or after 6th April 2003.

## 2 Amendment to the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2002

In regulation 3(2)(e) of the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2002 , for “£220,000” substitute “£240,000”.

## Signature

Nick Montagu
Helen Ghosh
Two of the Commissioners of Inland Revenue
25th June 2003

## Explanatory note

(This note is not part of the Regulations)
These Regulations (“the amending Regulations”) amend the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2002 (S.I. 2002/1733) (“the 2002 Regulations”).
Regulation 4 of the 2002 Regulations relieves a person from complying with the requirement in section 216 of the Inheritance Tax Act 1984 (c. 51) to provide the Commissioners of Inland Revenue with an account of the property of a deceased person, if that property constitutes an excepted estate, and unless the Commissioners expressly require an account to be given.
Regulation 3 of the 2002 Regulations defines two categories of excepted estate. The first, with which the amending Regulations are concerned, is defined in regulation 3(2). It includes a requirement, at sub-paragraph (e), that the aggregate of the gross value of the person’s estate and the value transferred by any specified transfers (defined in regulation 3(4)) made by that person did not exceed £220,000.
The amending Regulations increase that sum to £240,000.

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Source: https://www.legislation.gov.uk/uksi/2003/1658 (the official version)
Page: https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-estates-amendment-regulations-2003
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.