# The Inheritance Tax (Delivery of Accounts) Regulations 1987

S.I. 1987/1127 · made 30 June 1987

The Principal Regulations (S.I. 1981/880, amended by S.I. 1983/1039) dispensed with the need to deliver an account for the purposes of capital transfer tax where (subject to specified exceptions) the value of a deceased’s estate did not exceed £40,000 and where the deceased died on or after 1st April 1983. These Regulations increase that limit to £70,000 in respect of deaths on or after 1st April 1987. These Regulations also provide that up to £10,000 of value in respect of property situated outside the United Kingdom may be included in the £70,000 limit without losing “excepted estate” status.

Made under: Inheritance Tax Act 1984 (Section 256)

PDFs: Printed copy https://openlegislation.uk/inheritance-tax-delivery-of-accounts-regulations-1987/pdf/uksi_19871127_en.pdf

## Introductory text

INHERITANCE TAX
Made 30th June 1987
Laid before the House of Commons 1st July 1987
Coming into force 1st August 1987
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 256(1) of the Inheritance Tax Act 1984, hereby make the following Regulations:

## 1 Citation, commencement and extent

These Regulations may be cited as the Inheritance Tax (Delivery of Accounts) Regulations 1987 and shall come into force on 1st August 1987.

## 2 Citation, commencement and extent

These Regulations do not extend to Scotland or Northern Ireland.

## 3 Interpretation

In these Regulations “the Principal Regulations” means the Capital Transfer Tax (Delivery of Accounts) Regulations 1981 as amended by the Capital Transfer Tax (Delivery of Accounts) (No.3) Regulations 1983.

## 4 Amendments to Principal Regulations

In Regulation 3 of the Principal Regulations—
(a) in paragraph (b) for “£40,000” there shall be substituted “£70,000”;
(b) in paragraph (c) for the words from “10 per cent.” to “higher,” there shall be substituted “£10,000”;
(c) in paragraph (d) for “1st April 1983” there shall be substituted “1st April 1987”.

## Signature

D. B. Rogers
A. J. G. Isaac
Two of the Commissioners of Inland Revenue
30th June 1987

## Explanatory note

(This note is not part of the Regulations)
The Principal Regulations (S.I. 1981/880, amended by S.I. 1983/1039) dispensed with the need to deliver an account for the purposes of capital transfer tax where (subject to specified exceptions) the value of a deceased’s estate did not exceed £40,000 and where the deceased died on or after 1st April 1983. These Regulations increase that limit to £70,000 in respect of deaths on or after 1st April 1987. These Regulations also provide that up to £10,000 of value in respect of property situated outside the United Kingdom may be included in the £70,000 limit without losing “excepted estate” status.

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Source: https://www.legislation.gov.uk/uksi/1987/1127 (the official version)
Page: https://openlegislation.uk/inheritance-tax-delivery-of-accounts-regulations-1987
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.