HMRC has admitted that guidance setting out when it will consider a person’s domicile, and decide whether to make a determination of inheritance tax based on that domicile, has not been working well for HMRC or taxpayers.
HMRC has admitted that guidance setting out when it will consider a person’s domicile and decide whether to make a determination of inheritance tax based on that domicile has not been working well for HMRC or taxpayers.
The department is adopting ‘a wider risk-based approach’ and has published revised guidance in Revenue & Customs Brief 34/10 available via www.lexisurl.com/tF1Sx which replaces Brief 17/09 issued last year.
HMRC will now consider opening an enquiry where domicile could be an issue or making a determination of IHT in such cases only where there is ‘a significant risk of loss of UK tax’.
A range of factors will be...
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HMRC has admitted that guidance setting out when it will consider a person’s domicile, and decide whether to make a determination of inheritance tax based on that domicile, has not been working well for HMRC or taxpayers.
HMRC has admitted that guidance setting out when it will consider a person’s domicile and decide whether to make a determination of inheritance tax based on that domicile has not been working well for HMRC or taxpayers.
The department is adopting ‘a wider risk-based approach’ and has published revised guidance in Revenue & Customs Brief 34/10 available via www.lexisurl.com/tF1Sx which replaces Brief 17/09 issued last year.
HMRC will now consider opening an enquiry where domicile could be an issue or making a determination of IHT in such cases only where there is ‘a significant risk of loss of UK tax’.
A range of factors will be...
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