Estate Duty Act
38. Right to defer payment of duty on interests in expectancy
38. Right to defer payment of duty on interests in expectancy
Where an estate includes an interest in expectancy, the payment of estate duty in respect of that interest may, at the option of the person liable for the duty, be postponed until the interest is disposed of or falls into possession, whichever first happens, and where payment is so postponed interest at the rate of nine per cent per annum shall be payable thereon from twenty-eight days after the date of the disposition or the date the interest in expectancy falls into possession, as the case may be until the date of payment.Source: Kenya Law