HMRC updated its IHT Manual to highlight a change in its current view on specialty debts paid under a deed, which it will now treat as situated where the debtor resides, rather than where the relevant document is found. The manual also now makes clear that HMRC will deny claims to substitute a higher sale value for land or buildings sold within three years of the date of death.
HMRC updated its IHT Manual to highlight a change in its current view on specialty debts paid under a deed, which it will now treat as situated where the debtor resides, rather than where the relevant document is found. The manual also now makes clear that HMRC will deny claims to substitute a higher sale value for land or buildings sold within three years of the date of death.
