07
Mar
2019
A question about : Is my mum's business eligible for paying IHT in installments
Hi
My mother owned two properties that she let out commercially. Am I able to pay IHT in installments on this business?
The inland revenue website says:
Shares and securities
You can pay in instalments if the shares or securities allowed the deceased to control more than 50% of a company. (she owned all bar one of the shares in her company)
And for 'businesses run for profit' - 'You can pay in instalments on the net value of a business, but not its assets.' (what does this mean? There is money in the business bank account)?
I am in the position of not having enough money to pay IHT unless I can pay in installments
Best answers:
- Found out the answer is yes! Great
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