Story perspectives

House of Lords Urges 12-Month Inheritance Tax Deadline Extension

1/28/2026

Summary

Story summary

The House of Lords Finance Bill committee warns the six-month deadline for settling inheritance tax bills is unmanageable due to pension provider delays.
It recommends extending the payment window to 12 months to relieve executors, who may face penalties for late payments.
Lord Liddle emphasizes the complexities faced by executors, especially with multiple pension schemes.
The government has not yet responded to the committee's recommendations, leaving uncertainty about implementation.

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Story summary

The House of Lords Finance Bill committee warns the six-month deadline for settling inheritance tax bills is unmanageable due to pension provider delays.
It recommends extending the payment window to 12 months to relieve executors, who may face penalties for late payments.
Lord Liddle emphasizes the complexities faced by executors, especially with multiple pension schemes.
The government has not yet responded to the committee's recommendations, leaving uncertainty about implementation.