When a file is allocated to PC&S foreign property should be
listed on the form IHT417. However it is common for foreign
property to be listed elsewhere in the account in error. If the
foreign property has not been correctly entered on COMPASS (
IHTM31101) because of such an error you
must enter the information correctly on the foreign property screen
as soon as you receive the file.
If when you receive the file the domicile (
IHTM13000) of the taxpayer or their
surviving spouse or civil partner (
IHTM11032) has not been decided, or if
you have reason to believe that they are non UK domiciled, the file
must be referred immediately to TSS with a memo that describes the
problem.
It is your task to value all foreign assets once domicile and
situs are agreed. If you find the taxpayers dispute either issue
the file must be referred immediately to TSS with a suitable note
attached.
If the taxpayers claim the foreign property is exempt because
of the devolution of the property under foreign law the papers must
be referred to TSS with a suitable memo attached.
The detailed instructions for valuation of foreign assets are
contained in the rest of this section. (IHTM27021)
If at any time you have reason to believe that the taxpayer
may have problems paying the tax, and most of the assets or the
personal representatives are abroad, the papers must be referred to
DMB (
IHTM38000) for appropriate action.
