IHTM34074 - PC&S/Compliance Group procedures: notifying tax offices of revised values

If you receive a claim for loss on sale of shares relief more than two years after the date of death you should, once the relief has been agreed, send details of the claim to the deceased’s tax office. Your report should include a list of the revised values (IHTM34240) of all the investments included in the claim.

The report should be sent via Taxes Information Distribution Unit (TIDO).

If it seems likely that there will be a substantial delay between receiving the IHT 35 and agreeing the relief then you should send an interim report to the tax office along with a copy of the IHT 35.

You should also send the tax office information about a claim made within two years of the date of death if they ask you to do so.