IHTM09304 - Tax files: reviewing files

If you call for a tax file you should analyse the tax returns (for the last 7 years if they are available). You should particularly note changes in investment income, which suggests movement of capital either into or out of a person’s estate.

You should make a note of other information on the file such as

• evidence of the purchase of life assurance
• chargeable event certificates
• business expansion scheme investments
• any CGT chargeable assets acquired or disposed of

There might be an enquiry papers in a separate folder – if so these should always be read and items of interest noted. If there is a current enquiry in progress (noted on SA view ( IHTM09282)) the papers may be held on a separate file. If so, you should talk to the Inspector dealing with the enquiry.

You should compare what you find with the information in the IHT account.