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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
, see all updates

Remissions: introduction

We are required to keep records of:

  • remissions (IHTM30502) of interest on tax
  • non-statutory remissions and irrecoverable assessments (IHTM30502)
  • cases compromised (IHTM30531) upon a point of law
  • losses due to departmental error (IHTM30541)
  • erroneous or excessive repayments of tax (IHTM30551).Records are also kept of cases where the value of a holding of quoted stocks and shares (

IHTM18061) has been reduced because of the size of the entire holding - those are dealt with by SAV.