The 'administration period' is defined as the period commencing on the death of a deceased person and ending on the completion of the administration of the estate1. HMRC would normally argue that the period of administration ends when residue has been ascertained2. There are some exceptional cases where all the figures are apparently available to enable residue to be ascertained but it has to be accepted that the period of administration is continuing. This could apply where distributing shares in accordance with legatees' fractional entitlements to residue would result in one legatee receiving
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:29