# The Inheritance Tax (Delivery of Accounts) Regulations 1987, Note: 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/note (the official version)
Page: https://openlegislation.uk/inheritance-tax-delivery-of-accounts-regulations-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.