IHTM14234 - Normal expenditure out of income: practice

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

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

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

It is important that you have all the facts on which the taxpayer seeks to rely, before you seek to either accept or refuse any exemption.

• Consider what information you need to obtain from the charts on the previous pages.
• Once you have the facts, accept or refuse the exemption in accordance with the rules in the charts and the following pages.
• In borderline cases you should give the taxpayer the benefit of any reasonable doubt.
• If the taxpayer disagrees with your position, or you need guidance on any aspect, consult Technical Group at an early stage.

You must allow the exemption first on a purely factual basis without regard to any other exemption.

Part of a single gift may qualify for the exemption, the balance being chargeable or exempt under another provision.