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HMRC’s non-statutory clearance service

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HMRC has updated its non-statutory clearance service guidance, which now specifies that HMRC won’t give clearances in respect of the settlements legislation in ITTOIA 2005 Pt 5, or the tax consequences of executing non-charitable trust deeds or settlements.

Annex C, which relates specifically to IHT business property relief, now states that clearances will not be given for ‘valuations, and requests for general confirmation of the status of businesses for business property relief’.