Inheritance Tax Manual - Table of Contents

Inheritance Tax Manual - Index of Updates

Inheritance Tax Manual – Updates Index

This document lists all updates to the Inheritance Tax Manual since December 2006.

Date of Change

Section Name & Number

Description of changes

29/07/07

Section 37 – Appeal cases

Appendices 21, 22, 23, 24 & 25 have been amended and updated to take account of the current Rules and Directions governing appeals in Inheritance Tax cases

26/07/07

Section 20 - National Heritage Property

Updated to take account of changes in the taxation of settled land following Finance Act 2006

16/07/07

Section 8 - Settled Property

Updated to take account of changes in the taxation of settled land following Finance Act 2006

16/07/07

Section 6 - Relation to other Capital Taxes

Updated to take account of changes in the taxation of settled land following Finance Act 2006.

10/04/07

Section 7 - Revenue Basis of Market Value - General Principles

Full update of section

10/04/07

Section 19 - Partnership Property

Various updates

10/04/07

Section 12 paragraph 12.35 - Adjustment where value decreased

Minor update to example used

27/02/07

Section 27 - General Casework Procedures parts 1 - 4

Updated to include revised guidance on:

● Various changes in the structure of HMRC (IHT)
● Changes in the way our performance is measured in our Service Level Agreement with HMRC
● Clarification with regard to the wording of reports to the HMRC client
● The format of contacting the HMRC client

27/02/07

Section 26 - Inheritance Tax - Reference of Cases to the VOA Parts 1, 2 and 3

Updated to take account of:

● Various changes in the structure of HMRC (IHT)
● Changes in the way our performance is measured in our Service Level Agreement with HMRC
● Changes in the criteria for referring cases to the Initial Appraisal Units

13/12/06

Section 7 – Lands Tribunal Decision

  • Reference to the basis of valuation for SDLT (par 7.2)
  • Amendments to paragraph 7.7, dealing with Quantification of the special purchaser’s bid.
  • Amendment to paragraph 7.15, dealing with the use of Hindsight Evidence.  Please note counsel suggested the wording of this paragraph.
  • Amendment to paragraphs 7.16 – 7.25, dealing with Matrimonial and Civil Partnership Homes.