HMRC can and do reopen the cases of the dead!
In checking Wills for IHT etc HMRC may well come across a property or bank account that has not been declared!
Well you may have ‘passed over’ but HMRC will not pass over the chance to enquire about your estate! They have four years to track down the tax from your beneficiaries after you’ve gone.
Give your executors a break, their job is hard enough and get your house on order now!
Make a disclosure through an experienced adviser now take a hit and benefit from the good feeling that there will be no skeletons in your closet to upset your survivors!
Offshore accounts not declared can attract penalties of 200% so act fast to avoid them
Lindsay 07584 706664Share