Draft regulations could require disclosure of all but the most basic inheritance (IHT) planning under the new extended DOTAS regulations, warn Geoffrey Todd and Jenny Wilson-Smith, Boodle Hatfield
Draft regulations have recently been published extending the circumstances in which inheritance tax (IHT) planning arrangements need to be disclosed to HMRC. Perhaps due to other more controversial proposals announced at the Summer Budget or contained in the current Finance Bill 2015-16, these measures do not seem to have attracted much attention. However, the draft regulations are very widely drawn so that a wide range of lifetime IHT planning arrangements could potentially be caught.
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