Commentary

I5.1040 Trusts with vulnerable beneficiaries—administrative provisions

IHT, trusts and estates

I5.1040 Trusts with vulnerable beneficiaries—administrative provisions

I5.1040 Trusts with vulnerable beneficiaries—administrative provisions

HMRC's power to make enquiries

HMRC have specific powers to enquire into a vulnerable person election1.

HMRC must provide notice of their enquiry into the election in writing and must specify the information, documents or other particulars needed to determine whether:

  1.  

    (a)     the requirements for making the election were satisfied, or

  2.  

    (b)     the election has ceased to apply because the person is no longer a vulnerable person, or the trusts for which the election was made are no longer qualifying trusts or have terminated (see I5.1039)

The notice should also give the time within which

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