Inheritance Tax Act 1984 section 210

Pension rights, etc.

Section 210 deals with who is liable to pay inheritance tax where the tax is attributable to the value of certain pension scheme interests.

• Where inheritance tax arises on a transfer of value attributable to certain pension scheme interests, the trustees of the pension scheme or fund are not liable for the tax.
• If the transfer occurs on the death of the person entitled to the pension interest, the deceased's personal representatives are liable for the tax.
• The pension interests in question are those satisfying the conditions in section 151(2)(a) and (b), which broadly relate to interests under pension schemes or funds where the benefit is limited to a pension or annuity.
• Subsections (2) and (3) have been repealed by the Finance Act 2011.