IHT – GAAR advisory panel – extraction of value using options – whether abusive tax arrangements

HMRC have published the GAAR advisory panel opinion of 13 January 2023, Extraction of value from an estate, using options, by utilising property which is not excluded property for Inheritance Tax purposes.

HMRC’s introduction reads as follows:

“Use the GAAR Advisory Panel opinion on the extraction of value from an estate, using options, by utilising property which is not excluded property, to help you recognise when arrangements may be abusive tax arrangements.”

https://www.gov.uk/government/publications/gaar-advisory-panel-opinion-of-13-january-2023-extraction-of-value-from-an-estate-using-options-by-utilising-property-which-is-not-excluded-propert

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