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Informing HMRC of inheritance tax avoidance schemes

HMRC has published new guidance on the requirement to inform it about inheritance tax (IHT) avoidance schemes under the Disclosure of Tax Avoidance Schemes (DOTAS) rules.

Some types of IHT planning are already reportable under DOTAS if they meet the relevant criteria. These criteria changed on 1 April and, to be notifiable, the arrangement must, in future, provide an IHT advantage of a specified kind, and this IHT advantage must be one of the arrangement's main benefits.

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