can I contact HMRC to settle

[Headinthesand27]

What is the source of your understanding?

From a tax advisor connected to the loan scheme that I had used, it was a couple of years ago so unsure if the rules may have changed... or maybe my own misunderstanding.

[webberg]

From a tax advisor connected to the loan scheme that I had used, it was a couple of years ago so unsure if the rules may have changed... or maybe my own misunderstanding.

Was he/she actually a tax adviser with suitable qualifications etc?

Was he/she YOUR tax adviser or were they an adviser to the scheme?

Nothing has really changed in this space in a couple of years save HMRC's desire to extract maximum tax. To do that they use a skewed and flawed interpretation of IHT (and everything else).

The adviser may have been entirely correct but HMRC's default position is that tax is payable - and argue about it later.

If you are no longer UK resident, I suggest you go to a reputable local adviser and ask them.