
Originally Posted by
Forsythia
Hi Webberg
So, as per your message above I thought I must have just not read things right. I have been through it all carefully and HMRC make it quite clear that the Trusts satisfied Section 86 and the inheritance tax is being charged under Section 72. There is no indication that IHT is voluntary at all. And the settlement offer includes the IHT in the total bill to be paid within 30 days, assuming loans are written off within 3 months. I am going to settle but I think I will put this settlement through a tax adviser to be checked. I certainly do not want to be bounced into paying IHT I may not owe.
The Trusts are Hamilton, Penfolds, Lighthouse and Assignment Solutions.