HMRC relax policy on chasing no-doms’ for IHT

27/08/2010

HMRC have released a brief that outlines the changes to the circumstances that they will consider an individual’s domicile to determine IHT.

 

By adopting a wider ‘risk-based’ approach HMRC hope to deploy resources more cost effectively.

In future HMRC will consider opening an enquiry where domicile could be an issue, or making a determination of Inheritance Tax in such cases, only where there is a significant risk of loss of UK tax.

The full brief can be viewed using the following link http://www.hmrc.gov.uk/briefs/inheritance-tax/brief3410.htm

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