IHTM27164 - Exchange of information: information bulletin procedure with convention partners (form 730)

If the taxpayer is domiciled in one of the convention countries or owns property situate in any of the countries, you will need to consider sending an Information Bulletin (form 730).

The table at IHTM27165 gives details of when you must send a form 730 and states what property to include on the form.

Foreign property can be found anywhere in the account. Although the taxpayer should list assets on the form IHT417, they will often be listed elsewhere, for example on the IHT403 if the asset has been gifted, or foreign shares on a schedule of stocks and shares. On initial examination of the HMRC Account and schedules/other account, you must take care to check whether there is any such foreign property.

(This text has been withheld because of exemptions in the Freedom of Information Act 2000) 

You must carry out this procedure in every case even if the foreign assets are exempt from tax in the UK.

You must provide all the details requested. A full description of the assets must be given or else a global figure provided and a copy of explanatory schedules attached (eg, a valuation of share portfolio).

• (This text has been withheld because of exemptions in the Freedom of Information Act 2000)

Subsequent amendments

If any additional relevant assets are subsequently notified, or revised values agreed, send a further form 730, making it clear on the form 730 that this is a supplementary form, which revises the information already supplied.