Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Disclosure of IHT avoidance schemes

05 June 2018 / Malcolm Gunn
Issue: 4650 / Categories: Comment & Analysis
istock-626217322_fmt

Blurred boundaries

KEY POINTS

  • A new regime for the disclosure of inheritance tax avoidance schemes came into effect from 1 April 2018.
  • The disclosure provisions for inheritance tax have been widened significantly.
  • A disclosure is required if an ‘informed observer’ would conclude that specific conditions are met.
  • The ‘grandfathering’ provisions of the 2011 regulations cease to apply. All schemes must now be tested.
  • HMRC provides examples of arrangements that need not be disclosed.
  • An arrangement may not be avoidance but may be disclosable.

Do you market tax avoidance schemes? My guess is that most readers of this magazine would say no but would admit that they have occasionally been involved in a fairly artificial or aggressive arrangement perhaps recommended by tax counsel. In that case stand...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon