Inheritance 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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