IHT - No Trust Information IHT - No Trust Information
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  1. #1

    Still gathering requirements...


    Join Date
    Mar 2013
    Posts
    98

    Default IHT - No Trust Information

    Am in the proccess of settlement , was a part of a scheme back in 2001 to 2004, HMRC have wrote back advising they cannot apply any IHT Charges as they do not have any information on the trusts to pursue this.

    What happens in the scenerio? I have tried to find the trusts but to no avail?

    What happens if I never release the loans from thes trusts?

  2. #2

    More time posting than coding


    Join Date
    Jul 2018
    Posts
    235

    Default

    Quote Originally Posted by bstar1 View Post
    Am in the proccess of settlement , was a part of a scheme back in 2001 to 2004, HMRC have wrote back advising they cannot apply any IHT Charges as they do not have any information on the trusts to pursue this.

    What happens in the scenerio? I have tried to find the trusts but to no avail?

    What happens if I never release the loans from thes trusts?
    I have a similar situation and TBH I'm saying nothing. I will take a chance on them never knowing or catching up. That's not tax advice though.

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