240 Underpayments
Inheritance Tax Act 1984 (1984 c 51) | Legislation

Adjustments

240 Ìý±«²Ô»å±ð°ù±è²¹²â³¾±ð²Ô³Ù²õ

(1)     Where too little tax has been paid in respect of a chargeable transfer the tax underpaid shall be payable with interest under section 233 above, whether or not the amount that has been paid was that stated as payable in a notice under section 221 above; but subject to section 239 above and to the following provisions of this section.

(2)     Where tax attributable to the value of any property is paid in accordance with an account duly delivered to the Board under this Part of this Act and the payment is made and accepted in full satisfaction of the tax so attributable, no proceedings shall be brought for the recovery of any additional tax so attributable after the end of the period of [4 years] beginning with the later of—

(a)

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