2011 Code of Virginia
Title 58.1 TAXATION.
Chapter 9 Virginia Estate Tax (58.1-900 thru 58.1-938)
58.1-932 Qualified heir personally liable
58.1-932. Qualified heir personally liable.
The qualified heir shall be personally liable for the additional tax imposed under 58.1-931. The amount of the adjusted tax difference attributable to an interest in any qualified property, computed in the same manner as provided in subsection (c)(2)(C) of 2032A of the Internal Revenue Code, shall be a lien on such interest in the property in favor of the Commonwealth. Such lien shall arise at the time the election is filed hereunder and shall continue until:
1. The liability for tax under 58.1-931 attributable to such interest has been satisfied or has become unenforceable by lapse of time; or
2. It is established to the satisfaction of the Commissioner that no further tax liability attributable to such interest may arise under 58.1-931.
(Code 1950, 58-238.38; 1981, c. 399; 1984, c. 675.)
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