We submitted our IHT400 form just over 3 months ago and received a letter back from HMRC stating "We will now look at your IHT400 in more detail. This will take us up to 12 weeks" ... "If you haven't heard from us by 1 December 2020, you can assume that we have no questions to ask about the information or values you’ve given on form IHT400. We may still ask about changes you tell us about at a later date".
That 1st December date has now passed and we have received no further letter from HMRC. Grant of Probate was issued several weeks ago. Are we now safe to distribute the majority of the estate to beneficiaries?
I know there is an option to get a clearance using IHT30 but we can't do that yet as there are some smaller additional items we still need to report (not large in tax terms so these will have minimal impact on distributing funds. We will just hold back some cash to cover those)
Thanks!
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