SVM118070 - Statutory Notices: Inheritance Tax - Introduction

There are two types of statutory notice which can be issued in connection with valuations for IHT:

• an Information Notice:- under Section 219 or Section 219A Inheritance Tax Act 1984;
• a Notice of Determination ("NOD"):- Section 221 Inheritance Tax Act 1984.

You should liaise closely with colleagues in IHT if you are unable to obtain documents or information you need in order to form a reasonable opinion of value or a view as to the availability of reliefs. You should also liaise closely if there are other delays by the taxpayer or agents, once you do have the necessary information.

In the event you consider the NOD is the appropriate way forward you should refer your file to your Team Leader who will consult the Assistant Director and the Appeals Team who will take over the case in the event it is decided that a NOD is the appropriate way to progress the case.