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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Foreign property: Double Taxation Conventions: exchange of information: information bulletin procedure with convention partners (form 730)

If the taxpayer is:

  • domiciled in or
  • owns property in

any country with which the UK has a double taxation convention, you will need to consider sending an Information Bulletin (form 730).

The table at IHTM27165 gives details of when you must send a form 730 and states what property to include on the form. Foreign property can be found anywhere in the account. Although the taxpayer should list assets on the form IHT417, they will often be listed elsewhere. For example on the IHT403, if the asset has been gifted, or foreign shares may be found on a schedule of stocks and shares. You must take care to check whether there is any foreign property when examining the account and schedules.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000) IHTM27165(This content has been withheld because of exemptions in the Freedom of Information Act 2000)  

If a form 730 is required you must complete one in every case, even if the foreign assets are exempt from tax in the UK.

You must provide all the details and give:

  • a full description of the assets, or
  • a global figure and attach a copy of explanatory schedules (for example a valuation of a share portfolio).

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

Subsequent amendments

If the taxpayer or agent tells us about any additional relevant assets or revised values are agreed, send a further form 730. You should make it clear on the form 730 that this is a supplementary form, which revises the information already supplied.