Service/Compliance procedures: claiming relief for underwriting interests
This and the next page tell you how you should deal with claims for relief for the loss on sales of ‘qualifying investments’ (IHTM34131) that are part of a deceased person’s underwriting deposits.
If the ‘appropriate person’ (IHTM34161) or the agent asks about relief for underwriting deposits you should tell them that
- the deposits will have to be looked at along with any other qualifying investments that have been dealt with by the appropriate person, and
- they should complete a separate form IHT 35 for the underwriting deposits.
If they object to the deposits and other qualifying investments being added together you should ask TG (IHTM01081) for advice.