On 29 March 2018, HMRC published new guidance which provides advice in relation to notifiable inheritance tax avoidance schemes. This follows changes to the description of inheritance tax avoidance arrangements that must be disclosed to HMRC from 1 April 2018.
The guidance sets out the tests for determining whether a scheme is relevant, the relevant conditions, and the effect of the applicable hallmark. The guidance also includes some examples of notifiable and non-notifiable inheritance tax schemes.
A copy of the guidance is available to view here.