IHTM34080 - PC&S/Compliance Group procedures: claiming relief for underwriting interests

This and the next page tell you how you should deal with claims for relief for the loss on sales of ‘qualifying investments’ ( IHTM34131) that are part of a deceased person’s underwriting deposits.

If the ‘appropriate person’ ( IHTM34161) or the agent asks about relief for underwriting deposits you should tell them that

• the deposits will have to be looked at along with any other qualifying investments that have been dealt with by the appropriate person, and
• they should complete a separate form IHT 35 for the underwriting deposits.

If they object to the deposits and other qualifying investments being added together you should ask TG ( IHTM01081) for advice.