# The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2006, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2004 (S.I. 2004/2543) (“the principal Regulations”).
Regulation 4 amends regulation 4 of the principal Regulations, and the amendments made fall into two main categories. The first main category of amendment raises the cash limits specified in the principal Regulations. The second main category of amendment derives from the insertion (by paragraph 4 of Schedule 22 to the Finance Act 2006 (c. 25)) of sections 151A to 151C into the Inheritance Tax Act 1984 (c. 51). Those sections deal with alternatively secured pension funds, and the amendments made by these Regulations have the result that if any of sections 151A to 151C apply by reason of an individual’s death, that individual’s estate is not an excepted estate. In addition, paragraph (2) of regulation 4 of these Regulations makes a minor amendment of a drafting nature.
Regulation 3 of these Regulations replaces a reference to the Commissioners of Inland Revenue in regulation 2 of the principal Regulations with a reference to Her Majesty’s Revenue and Customs; and regulation 5 of these Regulations makes another minor amendment of a drafting nature.

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Source: https://www.legislation.gov.uk/uksi/2006/2141/note (the official version)
Page: https://openlegislation.uk/inheritance-tax-delivery-of-accounts-excepted-estates-amendment-regulations-2006/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.