Remissions: when a claim may be discharged
The circumstances in which a claim for IHT or CTT may be discharged as irrecoverable or remitted are in accordance with general HMRC guidelines.
The circumstances in which a claim for tax can be discharged as irrecoverable are given in (IHTM30502).
Remissions are divided into three general categories:
- remission of interest under the HMRC Code of Practice (IHTM30522)
- remission of tax and/or interest where misleading advice (IHTM30411) has or assurances have been given to the taxpayers or where we have failed to act within an appropriate time (IHTM30412) and
- remissions falling under the classes of remission (IHTM30508).