From Parliament

Payment of IHT before grant of probate

It well known that substantial payments on account of IHT must be made before a grant of representation can be issued, and assets realised to meet tax and other liabilities.The need to borrow money for this purpose is widely resented. Readers may be interested in the Ministerial response, during the Standing Committee Debate on the Finance Bill, to an Opposition New Clause which would enable funds in the estate to be applied in paying IHT before the Grant is issued.