IHTM31491 - Recapture charges: when the charges
arise
Tax will be chargeable
- when property no longer has the benefit of
Conditional Exemption (
IHTM04112),
or
- on the disposal of property previously
subject to woodlands relief (
IHTM04122).
You cannot use COMPASS (
IHTM31101) to raise these charges, so
must accordingly use the manual assessment template (
IHTM31301) or a manuscript
assessment.
