L

Lord Massey of Hampstead (Con)

Speaking in the House of Lords on 17 November 2025

Debate

Inheritance Tax: Pensions

Contribution

My Lords, interest charges for late payments of tax are charged at 8% per annum and apply to estates after six months. Does the Minister agree that, given potential complications in finalising and executing wills, six months is rather short and that a longer grace period of at least one year should apply before interest charges are levied?

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