HMRC issue IHT toolkit

Due to its nature, Inheritance Tax is an area which may be considered on a less regular basis than other taxes and it may be fairly infrequently that a practitioner will deal with the completion of inheritance tax returns.

HMRC have produced an Inheritance Tax toolkit to assist. As with other HMRC Toolkits, it is intended to ensure:

• that returns are completed correctly, minimising errors;

• focus on the areas of possible error that HMRC consider key;

• demonstrate reasonable care.