S.699 relief

S.699 relief

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We have an estate which has suffered IHT on interest accrued to the date of death. The interest was actualyy rec'd after death so the interest has also been subjected to income tax at 20%.

The beneficiaries will declare the interest together with the tax credit on their personal returns and pay over the higher rate tax on this.

Can someone tell me how s699 works and explain the mechanics of claiming the relief please
simon

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