[240B Underpayments involving offshore matters etc]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[240B  Underpayments involving offshore matters etc]

[(1)     This section applies in a case within section 240(2) which involves a loss of tax in relation to a chargeable transfer, where—

(a)     the lost tax involves an offshore matter, or

(b)     the lost tax involves an offshore transfer which makes the lost tax significantly harder to identify.

(2)     Proceedings for the recovery of the lost tax may be brought at any time not more than 12 years after the later of the dates in section 240(2)(a) and (b).

(3)     Lost tax “involves an offshore matter”

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