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This Tax Information and Impact Note is about countering avoidance of Income Tax involving losses from miscellaneous transactions.
Use form IHT35 to claim relief when you sell 'qualifying investments', that were part of the deceased's estate at a loss within 12 months of the date of death.
This measure amends the reform of loss relief rules to correct a defect in the legislation that may lead to excessive relief being allowed.
Don’t include personal or financial information like your National Insurance number or credit card details.
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