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How soon will Inheritance Tax have to be paid?

Inheritance Tax must be paid within six months from the end of the month in which the death occurs, otherwise interest is charged on the amount owing.

However, Inheritance Tax on some assets, including land and buildings, can be deferred and paid in instalments over 10 years. 

Other Inheritance Tax planning frequently asked questions:

  • Does a Will help my Inheritance Tax Planning?
  • How much is my estate worth for Inheritance Tax?
  • How soon will Inheritance Tax have to be paid?
  • What Inheritance Tax planning exemptions do I have?
  • What is a potentially exempt transfer?
  • Will all my gifts be effective for UK Inheritance Tax?
  • If I am making gifts or gifts into trusts which order should I do them in?
  • If I have an existing trust, do I need to do anything about it?
  • If I made an outright gift of over the nil rate band, would I pay any immediate inheritance tax?

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