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HMRC internal manual

Inheritance Tax Manual

Investigating accounts: purpose

The main purpose of investigating accounts is to make sure that significant amounts of tax are not lost as a result of errors, omissions, under-valuations or improper claims for relief.  But we also make adjustments in the taxpayers’ favour where, for example, tax has been incorrectly calculated or reliefs that are properly due have not been claimed. 

This work will involve you in 

  • checking or identifying property (IHTM04030) that is chargeable to tax
  • valuing (IHTM09701) that property, and
  • agreeing what reliefs, exemptions (IHTM11000) or deductions (IHTM28000) are allowable against that property.