The CIOT has published an HMRC “clarification” over the operation of the rules for the disclosure of tax avoidance schemes (DOTAS). The HMRC letter follows a meeting between HMRC and the Society of Trust & Estate Practitioners (STEP) back in 2019.
The first link below is to a letter written by HMRC in August 2019.
The second link is to a follow-up HMRC letter issued in October 2022.
The second letter is arranged under the following headings:
- Deeds of variation
- Undivided shares
- BPR [business property relief] and shares
- Reversionary leases
- Multiple trusts
- Grandfathering arrangements