
Relationship to ARF Holder | Income Tax | Assessable for Inheritance Tax |
To an ARF owned by spouse or civil partner of the deceased ARF holder | Not on the actual transfer to a spouse ARF but liable to income tax by the spouse on subsequent income taken from the ARF | None |
To a child of the deceased ARF holder or to a child of the civil partner of the deceased ARF holder – child aged under 21 at date of death | No | Yes |
To a child of the deceased ARF holder or to a child of the civil partner of the deceased ARF holder – child aged over 21 at date of death | 30% Income Tax Rate | No |