When a file is allocated to Compliance Group 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, you must
take steps to determine the domicile of the relevant taxpayer.
It is your task to value all foreign assets once domicile
and situs are agreed.
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 TG with a suitable memo attached.
The detailed instructions for valuation of foreign assets
are explained from
IHTM27022 onwards.
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 for appropriate action. (
IHTM38201)
Late account penalties must also be considered, as usual,
with foreign property. (
IHTM36021)
