Inheritance tax and income tax considerations for an arf

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

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