Experience has shown that substantial claims tend to arise when
almost all the shares are owned by one person (or by spouses).
Particular attention should therefore be paid to transactions by
"one man" companies.
It is important to note that any such alterations are not
PETs.
If, the Team Leader's advice having been sought, there
appears to be a prima facie claim and the matter is worth pursuit
(having regard to the tax threshold etc.) you should write to the
company or relevant agents referring to the transaction, pointing
out the appropriate provision and inviting the delivery of IHT
accounts. You should also notify Non-Death Compliance Group at the
same time by memorandum.
Once a claim is established and the general basis of
valuation agreed, the case may continue to be worked normally.
| Additional Guidance: SVM150000 |
