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HMRC internal manual

Inheritance Tax Manual

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HM Revenue & Customs
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Example NODs: Point of Principle NOD 1

Inheritance Tax

Notice of Determination

Under Section 221, Inheritance Tax Act 1984

TO: Mr Andrew Bernard Carr date 13 February 2003

c/o Arnold and Sons

27 Liver Place ref F123123/01A

LIVERPOOL

LP1 1AB

The Commissioners of Her Majesty’s Revenue and Customs have determined -

In relation to

a) the deemed disposal for the purposes of inheritance tax on the death on 10 September 2001 of Alan Bertram Carr (“the Deceased”);

b) a holding of 3,500 5p ordinary shares in Tesco Plc with a value at the date of death of the Deceased of £7,260 was included in his estate. In relation to the deemed disposal for the purposes of inheritance tax on the death on 10 September 2001 of Alan Bertram Carr (“the Deceased”)

That as that holding had not been sold within the period of twelve months immediately following 10 September 2001 no relief is available under the provisions of Chapter III Part VI Inheritance Tax Act 1984.

(Name of issuing officer)

For the Commissioners of Her Majesty’s Revenue and Customs

Right of appeal

If you wish to appeal against this determination (or any part of it), you should within 30 days after service of this notice give notice of appeal in writing, specifying the grounds of appeal, to The Appeals Team, HMRC Inheritance Tax, Trusts & Estates, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB

If you do not appeal the determination will be conclusive in accordance with Section 221(5) of the Inheritance Tax Act 1984.