Inheritance Tax Act 1984 section 182

Payment of calls

Section 182 deals with how calls paid on qualifying investments affect the value on death calculation when those investments are sold within 12 months of the death.

• Where a call is paid on qualifying investments that were part of the deceased's estate, the amount paid is added to the value on death for the purposes of the loss on sale relief under section 179
• The call payment can be made at any time after the death, whether within or after the 12-month period following the date of death
• The investments in question must be sold by the appropriate person within the 12-month period after the death
• The revised value on death is the total of the call amount paid plus the original value on death as determined without reference to the sale of shares relief provisions