I5.1040 Trusts With Vulnerable Beneficiaries—Administrative Provisions

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Commentary

IHT, trusts and estates

HMRC's power to make enquiries

HMRC have specific powers to enquire into a vulnerable person election¹.

HMRC must provide notice of their enquiry into the election in writing and must specify the information, documents or other particulars needed to determine whether:

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(a)�� the requirements for making the election were satisfied, or
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(b)�� the election has ceased to apply because the person is no longer a vulnerable person, or the trusts for which the election was made are no longer qualifying trusts or have terminated (see I5.1039)

The notice should also give the time within

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