Land
Where land is concerned, then (unless it is owned, as opposed to used, by a business, see I11.424, or is reduced in value by APR1) interest accrues on the balance of IHT outstanding from the date the first instalment of IHT becomes due2.
Interest on the whole of the outstanding IHT will be payable with each further instalment. Where interest is due on a higher amount of IHT as a result of the changes introduced by F(No 2)A 2017 to the domicile rules (see I9.206), or the introduction of IHTA 1984, Sch A1 (see I9.335), interest accrues from the end of the month following the month that F(No 2)A 2017 came into force, if later than the normal
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