What happens if IHT is owed on digital assets but the family has no access?

Andrew McIntyre, associate, Wedlake Bell, 25/07/2022

Market crashes, bankruptcy filings, government reforms and lawsuits on the blockchain: the digital assets world spins faster each day. Its relationship with the UK tax system is no different. Whilst no-one can predict where their future ultimately lies, digital assets are more relevant than ever to advisors today.  

What are exchange tokens?

There is no specific tax definition of a digital asset. As such, normal princip...

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