Clearance certificates: what is not covered by a clearance certificate?
The clearance certificate means that the taxpayer will not have to pay any further tax on the transfer described in the certificate, unless IHTA84/S239 (4) applies, where
- there has been fraud or failure to disclose material facts (IHTM40143)
- additional assets (IHTM40142) are later shown to have been included in the transfer
- too great an increase in the nil rate band has been claimed on the death of the surviving spouse (IHTM43067)
- further tax becomes payable as a result of statutory amendments after issue (IHTM40147)