Inheritance Tax Act 1984 Schedule 1A paragraph 9

Elections: procedure

Section 9 of Schedule 1A sets out the procedural requirements for making and withdrawing elections under the Schedule, including the time limits and the possibility of HMRC granting extensions.

• An election must be made by written notice to HMRC within two years of the deceased's death.
• An election may be withdrawn by written notice to HMRC, but only if all persons entitled to make the election agree to the withdrawal.
• The deadline for withdrawing an election is two years and one month after the deceased's death.
• An HMRC officer has discretion to extend the time limits for both making and withdrawing an election on a case-by-case basis.