Inheritance Tax Act 1984 section 253

Mitigation of penalties

Section 253 grants the Board (HMRC) discretionary powers to reduce, settle, or entirely cancel penalties imposed under the Inheritance Tax Act 1984.

  • The Board has full discretion to reduce (mitigate) any penalty imposed under the Act.
  • The Board may stay (pause) or compound (settle) any proceedings brought to recover a penalty.
  • Even after a court judgment has been obtained, the Board retains the power to further reduce the penalty.
  • The Board may, after judgment, choose to remit (cancel) the penalty entirely.

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