IHT Reporting Requirements Reduced

HMRC have announced measures which are aimed at reducing the number of occasions when a report has to be made for IHT purposes. Draft regulations published recently will apply to excepted transfers and excepted settlements and are intended to greatly reduce the occasions when a report has to be made to HMRC.
It is likely that the measures will be included in the Budget on 12 March.
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
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