Inheritance Tax Act 1984 Schedule 4 paragraph 6

Information

Paragraph 6 of Schedule 4 requires trustees of property subject to a Treasury direction to provide ongoing accounts and information to the Treasury upon request.

• Where a Treasury direction under paragraph 1 is in effect for particular property, the trustees have a continuing obligation to supply information.
• Trustees must furnish the Treasury with accounts relating to the property from time to time as required.
• The Treasury may also request other information beyond formal accounts, provided the request is reasonable.
• This ensures the Treasury can monitor the property and verify that the conditions for the direction continue to be met.