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HMRC internal manual

Inheritance Tax Manual

Foreign property: investigation of form IHT417: service

If you work in Service the following instructions apply to any cases where there is foreign property.

Foreign property should be listed on the form IHT417. But it is often listed elsewhere in the account in error. This is often the case with foreign shares or bank accounts. If the foreign property has not been correctly entered on COMPASS (IHTM31101) because of this sort of error you must amend the datacapture so that the foreign property is shown correctly as soon as you receive the file.

If the domicile (IHTM13000) of the taxpayer or their surviving spouse or civil partner (IHTM11032) has not been decided, or if you have reason to believe that they are non UK domiciled, you must refer the file to Service Technical Service (STS) with a covering memo.

It is your task to value all foreign assets once domicile and the situs of assets (IHTM27071) are agreed. If the taxpayer or agent disputes either of these issues the file must be referred immediately to STS with a suitable note attached.

If the taxpayers claim the foreign property is exempt because of the way the assets devolve under foreign law the file must be referred to STS with a suitable memo attached.

Detailed instructions on the valuation of foreign assets are contained in the rest of this section of guidance (IHTM27022).