HMRC One to Many Letter – IHT on cryptoassets

HMRC’s Wealthy Team are sending letters to agents who complete inheritance tax forms (IHT400s) on behalf of their clients, reminding them of the need to include cryptoassets where relevant.

These letters are intended by HMRC to raise awareness of how cryptoassets should be treated for IHT purposes, with references to HMRC’s cryptoassets and IHT manuals.

Please make sure your clients’ Inheritance Tax returns include details of their cryptoassets