IHTM34061 - PC&S/Compliance Group procedures: raising enquiries
You may need to raise enquiries with the taxpayers if
- the IHT 35 was not completed properly ( IHTM34033)
- your own investigation ( IHTM34043) of the share details on the IHT 35 has uncovered discrepancies
- FACET ( IHTM01023) have advised you that there are inconsistencies in the claim for relief.
You should be able to resolve many enquiries by making a
telephone call to the taxpayer or agent. For example, if a unit
trust is outside the fixed price given by the Stock Exchange you
will simply have to check the date of sale.
The next page (
IHTM34062) tells you what to do if
FACET cannot accept the sale price for the shares.
If the answers to one or more of the questions in parts 2 or
3 of the IHT 35, prevent the claim being agreed by FACET you will
have to resolve the problem. The manual includes guidance on
- bonus issues ( IHTM34185)
- calls ( IHTM34175)
- capital payments ( IHTM34181)
- changes in shareholdings (General) ( IHTM34181)
- exchanges ( IHTM34154)
- limitation on loss on sale ( IHTM34230)
- options to buy or sell qualifying investments ( IHTM34135)
- purchases of qualifying investments ( IHTM34211)
- rights issues ( IHTM34187)
- sales of rights ( IHTM34188)
You may also find it helpful to refer to the relevant FACET
procedures (
IHTM34090).
In some cases if the matter cannot be resolved from the
instructions you may have to consult TG (
IHTM01081).
