IHT400 – Inheritance Tax account...IHT400 Page 1 HMRC 05/20 When to use this form Fill in this...

IHT400 Page1 HMRC05/20

WhentousethisformFillinthisformifthedeceaseddiedonorafter18March1986,andthere’sInheritanceTaxtopay,orthere’snoInheritanceTaxtopay,buttheestatedoesnotqualifyasanexceptedestate.

TheIHT400,‘Notes’,page1,givesdetailsaboutexceptedestates.

Deadline Youmustsendthisformtouswithin12monthsofthedateofdeath.Interestwillbepayableafter6months.

TheInheritanceTaxaccountTheaccountismadeupofthisformandseparateschedules.You’llhavetofillinsomeoftheschedules.

To help you get started:• gatherthedeceased’spapersandtheinformationyou

haveabouttheirestate–makealistoftheirassets,liabilities,investmentsandotherfinancialinterestsandanygiftsmade

• fillinboxes1to28thenworkthroughboxes29to48ofthisformtoidentifywhichschedulesyou’llneed–ifyoudonothavethemall

—downloadthemfromwww.gov.uk/inheritance-tax —orphonethehelplinetorequestthem• fillinthenecessaryschedulesbeforemovingontofillin

thisform

InheritanceTaxreferencenumberIfthere’sanyInheritanceTaxtopay,you’llneedanInheritanceTaxreferencenumberbeforeyousendthisformtous.Youcanapplyforareferencenumberonlineatwww.gov.uk/paying-inheritance-taxorbyfillinginScheduleIHT422,‘ApplicationforanInheritanceTaxreference’andsendingittotheaddressshownonthatform.You’llneedtoapplyforareferencenumberatleast3weeksbeforeyouplantosendusthisform.Youdonotneedtoapplyforareferencenumberifthere’snotaxtopay.

Fillinginthisform• usetheIHT400,‘Notes’tohelpyoufillinthisform• fillintheforminblackorblueink• makefullenquiriessoyoucanshowthatthefiguresyou

giveandthestatementsyoumakearecorrect• ifaninstrumentofvariationhasbeensignedbefore

applyingforagrant,fillintheformtoshowtheeffectofthewill/intestacyandinstrumenttogether–gotoIHT400,‘Notes’

Answerallthequestionsandfillintheboxestohelpusprocessyourform.

IfyouneedhelpFormoreinformationorhelp,oranothercopyofthisform:• gotowww.gov.uk/inheritance-tax• phoneourhelplineon03001231072–ifcallingfrom

outsidetheUK,phone+443001231072

About the deceased

1 Deceased’s name

Title–enterMR,MRS,MISS,MSorothertitle

Surname

Firstnames

2 Date of death DDMMYYYY

3 Inheritance Tax reference numberGotothenoteatthetopofthisform

4 Was the deceased male or female?

Male Female

5 Deceased’s date of birth DDMMYYYY

6 Where was the deceased domiciled at the date of death?GotoIHT400,‘Notes’forinformationaboutdomicile

• EnglandandWales

• Scotland

• NorthernIreland

• othercountry specifycountrybelow

IfthedeceasedwasnotdomiciledintheUK,fillin

IHT401 now,andthentherestofthisform

Inheritance Tax accountIHT400

http://www.gov.uk/inheritance-taxhttp://www.gov.uk/inheritance-tax

If the deceased was domiciled in Scotland at the date of death

Deceased’s details

7 Has the legitim fund been discharged in full following the death? GotoIHT400,‘Notes’

Yes Gotobox8

No Provideafullexplanationinthe‘Additionalinformation’boxes,page16

8 Was the deceased

• marriedorinacivilpartnership?

• single?

• widowedorasurvivingcivilpartner?

• divorcedoraformercivilpartner?

9 If the deceased was married or in a civil partnership at the time of their death, on what date did the marriage or registration of the civil partnership take place? DDMMYYYY

10 Who survived the deceasedTickallthatapply

• aspouseorcivilpartner?

• brothersorsisters?

• parents?

• children? number

• grandchildren? number

11 Deceased’s last known permanent address

Postcode

Housenumber

Restofaddress,includinghousenameorflatnumber

12 Was the property in box 11 owned or part-owned by the deceased or did the deceased have a right to live in the property? Donottick‘Yes’tothisquestionifthedeceasedwasonlyrentingtheproperty

Yes Gotobox13

No Givedetailsbelow.Forexample,‘deceasedlivedwithdaughter’or‘addresswasanursinghome’

13 Deceased’s occupation, or former occupation if retired, for example, ‘retired doctor’

14 Deceased’s National Insurance number

15 Deceased’s Income Tax number or Unique Taxpayer Reference (UTR) (ifknown)

16 Did anyone act under a power of attorney granted by the deceased during their lifetime? Thismayhavebeenageneral,enduringorlastingpowerofattorney.

No

Yes Encloseacopyofthepowerofattorney

Contact details of the person dealing with the estateForexample,asolicitororexecutor.

Deceased’s will

17 Name and address of the firm or person dealing with the estate

Name

Postcode

Houseorbuildingnumber

Restofaddress,includinghousenameorflatnumber

18 Contact nameIfdifferentfrombox17

19 Phone number

20 Contact’s reference

IfweneedtorepayanyoverpaidInheritanceTaxwewillmakepaymentsdirectlytoacustomer’sbankaccountusingFasterPayments.ThepaymentwillbeidentifiedonthebankstatementbytheInheritanceTaxreferencenumber.Entertheaccountdetailsbelow.

21 Account name

22 Sort code

23 Account number

24 Did the deceased leave a will?

No Gotobox29

Yes Gotobox25.Pleaseencloseacopyofthewillandanycodicilswhensendingusyouraccount.IfaninstrumentofvariationalterstheamountofInheritanceTaxpayableonthisestate,pleasealsosendacopy

25 Is the address of the deceased as shown in the will the same as the deceased’s last known permanent address at box 11?

No Gotobox26

Yes Gotobox27

26 What happened to the property given as the deceased’s residence in the will? Ifthedeceasedsoldthepropertybutusedallthesaleproceedstobuyanothermainresidenceforthemselvesandthishappenedmorethanonce,there’snoneedtogivedetailsofalltheevents.Simplysaythatthe‘residencewasreplacedbythecurrentproperty’.Inallothercasesgivedetailsofexactlywhathappenedtotheproperty,andgivethedateoftheevents

Items referred to in the will but not included in the estateOnlyfillinboxes27and28ifthedeceasedleftawill.Iftheydidnot,gotobox29.

27 Are you including on this form all assets specifically referred to in the will? Forexample,land,buildings,personalpossessions,worksofartorshares

No Gotobox28

Yes Gotobox29

28 Items referred to in the will and not included on this form. AnygiftsshouldbeshownonformIHT403

Itemsgivenawayasgifts,soldordisposedofbefore

thedeceased’sdeath

Whowastheitemgivenorsoldto,orwhathappenedtoit?

Dateofgift,sale

ordisposal

Valueoftheitematthedateofgift,sale

ordisposal£

Iftheitemwassold,whatdidthedeceased

dowiththesaleproceeds?

What makes up your Inheritance Tax account – schedulesTomakeacompleteaccountoftheestateyoumayneedtofillinsomeseparateschedules.

Answerthefollowingquestionsbytickingthe‘No’or‘Yes’box.

29a Residence nil rate bandDoyouwanttousetheresidencenilrateband?

No Yes UseSchedule IHT435

29b Transfer of unused residence nil rate bandDoyouwanttotransferanyunusedresidencenilratebandfromthedeceased’sspouseorcivilpartnerwhodiedbeforethem?


29c Transfer of unused nil rate bandDoyouwanttotransferanyunusednilratebandfromthedeceased’sspouseorcivilpartnerwhodiedbeforethem?


30 Gifts and other transfers of valueDidthedeceasedmakeanylifetimegiftsorothertransfersofvalueonorafter18March1986?SeeIHT400,‘Notes’


31 Jointly owned assetsDidthedeceasedjointlyownanyassets(otherthanbusinessorpartnershipassets)withanyotherpersons?


32 Houses, land, buildings and interests in landDidthedeceasedownanyhouses,landorbuildingsorhaverightsoverlandintheUKintheirsolename?


33 Bank and building society accountsDidthedeceasedholdanybankorbuildingsocietyaccountsintheirsolename,includingcashISAs,NationalSavingsandPremiumBonds?


34 Household and personal goodsDidthedeceasedownanyhouseholdgoodsorpersonalpossessions?


Ifthedeceaseddidnotownanyhouseholdgoodsorpersonalpossessionsortheydonothaveanyvalue,pleaseexplainthecircumstancesinthe‘Additionalinformation’boxesonpage16.

35 Household and personal goods donated to charityDothepeoplewhoinheritthedeceased’shouseholdgoodsandpersonalpossessionswanttodonatesomeorallofthemtoaqualifyingcharityanddeductcharityexemptionfromthevalueoftheestate?Forexample,theymaywishtodonatethedeceased’sfurnituretoacharityshop


36 PensionsDidthedeceasedhaveanyprovisionforretirementotherthantheStatePension?Forexample,apensionfromanemployer,apersonalpensionpolicy(oranalternativelysecuredpension)


37 Life assurance and annuitiesDidthedeceasedpaypremiumsonanylifeassurancepolicies,annuitiesorotherproductswhicharepayableeithertotheirestate,toanotherpersonorwhichcontinueafterdeath?


38 Listed stocks and sharesDidthedeceasedownanylistedstocksandsharesorstocksandsharesISAs(excludingcontrolholdings)?


39 Unlisted stocks and shares and control holdingsDidthedeceasedownanyunlistedstocksandshares(includingAIMandOFEX),oranycontrolholdingsofanylistedshares?


40 Business Relief, business and partnership interests and assets DoyouwanttodeductBusinessRelieffromanybusinessinterestsandassetsownedbythedeceasedorapartnershipinwhichtheywereapartner?


41 Farms, farmhouses and farmlandDoyouwanttodeductAgriculturalRelieffromanyfarmhouses,farmsorfarmlandownedbythedeceased?


What makes up your Inheritance Tax account – schedules continuedTomakeacompleteaccountoftheestateyoumayneedtofillinseparateschedules.

Answerthefollowingquestionsbytickingthe‘No’or‘Yes’box.

42 Interest in another estateWasthedeceasedentitledtoreceiveanylegacyorassetsfromtheestateofsomeonewhodiedbeforethemandthattheyhadnotreceivedbeforetheydied?


43 Debts due to the estateWasthedeceasedowedanymoneybywayofpersonalloansormortgageatthedateofdeath?


44 Foreign assetsDidthedeceasedownanyassetsoutsidetheUKeitherintheirsolenameorjointlywithothers?


45 Assets held in trustDidthedeceasedhaveanyrighttobenefitfromanyassetsheldintrust(includingtherighttoreceiveassetsheldinatrustatsomefuturedate)?


46 Debts owed by the deceasedDoyouwishtoincludeadeductionfromtheestatefordebtsandliabilitiesofthefollowingtypes:• moneythatwasspentonbehalfofthedeceasedand

whichwasnotrepaid• loans• liabilitiesrelatedtoalifeassurancepolicywherethe

sumassuredwillnotbefullyreflectedintheestate• debtsthatthedeceasedguaranteedonbehalfof

anotherperson?


47 National Heritage assetsIsanyassetalreadyexemptorisexemptionnowbeingclaimed,onthegroundsofnational,scientific,historic,artistic,scenicorarchitecturalinterest?OrdoesanysuchassetbenefitfromanApprovedMaintenanceFundfortheupkeepandpreservationofNationalHeritageassets?


IfyouansweredYestoanyofquestions29to47,fillinthescheduleforthatassetexceptschedulesIHT435andIHT436.Theschedulenumberisshownattheendofeachquestion.

48 Do you have all of the schedules you need?

No • downloadtheschedulesfromwww.gov.uk/inheritance-tax

• phoneuson03001231072(+443001231072fromoutsidetheUK)

Whenyouhavealltheschedulesyouneed,fillinallofthemarkedschedulesexceptIHT435andIHT436beforeyougotobox49.

Yes FillinallofthemarkedschedulesexceptIHT435andIHT436beforeyougotobox49.

FillinschedulesIHT435andIHT436aftercompletingbox108.

http://www.gov.uk/inheritance-tax

Estate in the UKUsethissectiontotellusaboutassetsownedbythedeceasedintheUK.Youshouldincludeallassetsownedoutrightbythedeceasedandthedeceased’sshareofjointlyownedassets.You’llneedtocopyfiguresfromtheschedulesyou’vefilledin.AnyassetsthedeceasedhadoutsidetheUKshouldbeshownonScheduleIHT417,‘Foreignassets’andnotinboxes49to96.

Jointly owned assets

Enter‘0’intheboxifthedeceaseddidnotownanyoftheassetsdescribed.

Column A Column B

49 Jointly owned assets (ScheduleIHT404,box5) £

50 Jointly owned assets (ScheduleIHT404,box10)£

Assets owned outright by the deceased

Enterthevalueoftheassetsownedoutrightbythedeceasedintheamountboxesattachedtoeachquestion.Enter‘0’intheboxifthedeceaseddidnotownanyoftheassetsdescribed.

51 Deceased’s residence (except farmhouses and jointly owned houses) (ScheduleIHT405,box7). Include the value of jointly owned houses at box 49 and farmhouses at box 68 instead. Have you considered residence nil rate band? (SchedulesIHT435andIHT436)

£

52 Bank and building society accounts in the deceased’s sole name (ScheduleIHT406,box1)

£

53 Cash (in coins or notes) and uncashed traveller’s cheques£

54 Premium Bonds and National Savings and Investments products (ScheduleIHT406,box5)

£

55 Household and personal goods (ScheduleIHT407,box6)£

56 Pensions (ScheduleIHT409,boxes7and15) – include thevalue of any pensions arrears due at the date of death

£

57 Life assurance and mortgage protection policies (ScheduleIHT410,box6)

£

58 Total of all the figures in column A (boxes50to57)£

59 Total of all the figures in column B (boxes49plus51) £

Estate in the UK continued

60 Copy the figure from box 58 £

61 Copy the figure from box 59 £

62 UK Government and municipal securities (ScheduleIHT411,box1), but include dividends and interest at box 64

£

63 Listed stocks, shares and investments that did not give the deceased control of the company (ScheduleIHT411,box2)

£

64 Dividends or interest on stocks, shares and securities£

65 Traded unlisted and unlisted shares except control holdings (ScheduleIHT412,boxes1and2)

£

66 Traded unlisted and unlisted shares except control holdings(gotoIHT412notes,‘Payingtaxbyinstalments’)

£

67 Control holdings of unlisted, traded unlisted and listed shares (ScheduleIHT412,boxes3,4and5)

£

73 Debts due to the estate (ScheduleIHT416,box3total)£

74 Income Tax or Capital Gains Tax repayment £

75 Trust income due to the deceased – gotoIHT400,‘Notes’£

76 Other assets and income due to the deceased (enterdetailsinthe‘Additionalinformation’boxesonpage16ofthisformifnotgivenelsewhere)

£

77 Total of all the figures in column A (boxes60to65and72to76)£

78 Total of all the figures in column B (boxes61to71) £

79 Gross total of the estate in the UK (box77plusbox78)£

68 Farms, farmhouses and farmland (givedetailsonSchedulesIHT414andIHT405)

£

69 Businesses including farm businesses, business assets and timber £

70 Other land, buildings and rights over land (givedetailsonScheduleIHT405) £

71 Interest in another estate (ScheduleIHT415,box7) £

72 Interest in another estate (ScheduleIHT415,box9)£

Deductions from the estate in the UK incurred up to the date of death

80 Mortgages, secured loans and other debts payable out of property or assets owned outright by the deceased and shown in column B on pages 7 and 8. Forexample,amortgagesecuredonthedeceased’shouseoraloansecuredonabusiness.Enterthenameofthecreditorandsaywhichpropertyorassetthedeductionrelatesto,describingtheliability.Providecopiesofanywrittenevidenceofthedebts.

Nameofcreditor Propertyorassetanddescriptionofliability Amount£

Totalmortgagesandsecuredloans £

81 Funeral expenses

Funeralcosts £

Headstone £

Othercosts(specify)

Totalcostoffuneral £

82 Other liabilitiesEnter any other liabilities that have not been shown in boxes 80 or 81. Forexample,outstandinggasandelectricitybills,creditcardbalances,nursinghomefeesorIncomeTax.

Creditor’snameanddescriptionoftheliability Amount£

Totalotherliabilities £

Deductions from the estate in the UK continued

Exemptions and reliefs

92 Exemptions and reliefs deducted from the assets in the deceased’s sole name shown in column A on pages 7 and 8 – go to IHT400, ‘Notes’. Ifyou’redeductingspouseorcivilpartnerexemption,enterthespouse’sorcivilpartner’sfullname,dateandcountryofbirthandtheirdomicile.Ifyou’redeductingcharityexemption,enterthefullnameofthecharity,countryofestablishmentandtheHMRevenueandCustoms(HMRC)charitiesreference,ifavailable.Donotincludeexemptionsorreliefsonjointlyownedassets,theseshouldbedeductedonScheduleIHT404,atbox9.Donotdeducttransferablenilratebandhereoratbox93.Itshouldbedeductedatbox116orbox2IHT400,‘Calculation’.

Describetheexemptionsandreliefsyou’rededucting.Forexample‘cashgifttocharityinthewill’andshowhowtheamounthasbeencalculated–usethe‘Additionalinformation’boxesonpage16ofthisformifyouneedmorespace.

Amountdeducted

£

Totalexemptionsandreliefsfromassetsincolumn A £

Deductions summary

Column A Column B

83 Box 80 figure £

84 Total of box 81 and box 82 £

85 Box 77 minus box 84. If the result is a minus figure enter ‘0’in the box and enter the deficit in box 88

£

86 Box 78 minus box 83. If the result is a minus figure enter ‘0’in the box and enter the deficit in box 87

£

87 Enter the deficit figure from box 86 (ifthereisone)£

88 Enter the deficit figure from box 85 (ifthereisone) £

89 Box 85 minus box 87 £


91 Total estate in the UK (box89plusbox90) £

http:available.Do

Exemptions and reliefs continued

Other assets taken into account to calculate the tax

93 Exemptions and reliefs deducted from the assets in the deceased’s sole name shown in column B on pages 7 and 8 – go to IHT400, ‘Notes’. Ifyou’redeductingspouseorcivilpartnerexemptionenterthespouse’sorcivilpartner’sfullname,dateandcountryofbirthandtheirdomicileand/or,ifyou’redeductingcharityexemption,enterthefullnameofthecharity,thecountryofestablishmentandtheHMRCCharitiesreference,ifavailable(unlessalreadygivenatbox92).Donotincludeexemptionsorreliefsonjointlyownedassets,theseshouldbedeductedonformIHT404,atbox4.

Describetheexemptionsandreliefsyou’rededucting.Forexample,‘AgriculturalReliefonfarm’andshowhowtheamounthasbeencalculated–usethe‘Additionalinformation’boxesonpage16ifyouneedmorespace.

Amountdeducted

£

Totalexemptionsandreliefsfromassetsincolumn B £



96 Total net estate in the UK, after exemptions and reliefs (box94plusbox95)

£

Column A Column B97 Foreign houses, land, businesses and control holdings

(ScheduleIHT417,box5) £

98 Other foreign assets (ScheduleIHT417,box10)£

99 Assets held in trust on which the trustees would like to paythe tax now (ScheduleIHT418,box12)

£

100 Assets held in trust on which the trustees would like to paythe tax now (ScheduleIHT418,box17)

£

101 Nominated assets. Include details of the nominated assets in the ‘Additional information’ boxes on page 16 – gotoIHT400,‘Notes’

£

102 Box 98 plus box 100 plus box 101 £

103 Box 97 plus box 99 £

104 Gifts with reservation and pre-owned assets(ScheduleIHT403,box17)

£

105 Assets held in trust on which the trustees are not paying thetax now (ScheduleIHT418,box18)

£

106 Alternatively secured pension funds (ScheduleIHT409,boxes32and42–onlywherethedateofdeathisbetween6April2006and5April2007inclusive)

£

107 Total other assets taken into account to calculate the tax(box102plusboxes103,104,105and106)

£

108 Total chargeable estate (box96plusbox107). Complete IHT435 and IHT436 if you’ve ticked boxes 29a or 29b on page 5

£

Working out the Inheritance TaxIfyou’refillinginthisformyourselfwithoutthehelpofasolicitororotheradviser,youdonothavetoworkthetaxyourself,wecandoitforyou.Ifyouwantustodothis,tickhere

IfthereisnoInheritanceTaxtopay,youdonotneedtofillinthispageandshouldgotobox121onpage13.

109 Does any part of the estate qualify for the reduced rate of Inheritance Tax (36%)? GotoIHT400,‘Notes’page54

No Gotobox110

Yes You’llneedtofillinScheduleIHT430,‘ReducedrateofInheritanceTax’

Paying Inheritance Tax by instalments

InsteadofpayingalloftheInheritanceTaxatonceyoumaypaysomeofitin10annualinstalments(thatis,oneinstalmenteachyearfor10years).YoucanpaybyinstalmentsonanyassetsshownincolumnBonpages7and8thathavenotbeensold.

Interestwillbepayableontheinstalments.Thetotalvalueoftheassetsonwhichyoumaypaythetaxbyinstalmentsisbox95plusboxes97and99(ifany).

110 Do you wish to pay the tax on the amounts shown in boxes 95, 97 plus 99 by instalments?

No GotoSimpleInheritanceTaxcalculation.IfyoudonotelecttopaytaxbyinstalmentsyoumustpayallthetaxdueontheestatewhenyousendusyourformIHT400.

Yes IfanyoftheassetsincolumnBhavebeensold,writethetotalvalueofthoseassetshere

£

Gotobox120

Simple Inheritance Tax calculationYoucanusethesimplecalculationinboxes111to119toworkouttheInheritanceTaxontheestateaslongasthefollowingapply:• you’repayingthetaxonorbeforethelastdayofthesixthmonthafterthedeathoccurredsonointerestispayable• youwanttopayallofthetaxnowandnotpaybyinstalmentsonpropertyincolumnB(seenoteaboveaboutpaying

InheritanceTaxbyinstalments)• thetotalofanylifetimegiftsisbelowtheInheritanceTaxnilrateband• you’renotdeductingdoubletaxationreliefonanyforeignassets(gotothenoteonIHT400,‘Calculation’)• you’renotdeductingsuccessivechargesreliefonassetsinheritedbythedeceasedinthelast5yearsfrom

anotherestateonwhichInheritanceTaxwaspaid(gotothenoteonIHT400,‘Calculation’)• theestatedoesnotqualifyforthereducedrateofInheritanceTax(36%)

NotethataportionoftheInheritanceTaxmaybepayablebeforethegrantofrepresentationorconfirmationcanbeobtained.Gotopage7ofIHT400,‘Notes’forfurtherdetails.

Ifthesimplecalculationdoesnotapplytoyou,you’llneedtouseeitherformIHT400,‘Calculation’orScheduleIHT430,‘ReducedrateofInheritanceTax’toworkouttheInheritanceTaxduethencontinuetofillinthisformatbox120.

111 Residence nil rate band (entertheresultfromtheResidencenilratebandcalculator,gotowww.gov.uk)

£

112 Chargeable estate after residence nil rate band (ifnegativeenter‘0’)(box108minusbox111)

£

113 Total chargeable value of gifts made by the deceased within the 7 years before their death(IHT403,box7)

£

114 Value chargeable to tax before nil rate band (box112plusbox113) £

115 Inheritance tax nil rate band at the date of death – gotoIHT400,‘Ratesandtables’ £

116 Transferable nil rate band (ScheduleIHT402,box20) £

117 Total nil rate band (box115plusbox116) £

118 Value chargeable to tax (box114minusbox117) £

119 Inheritance Tax (box118multipliedby40%) £

•

Direct Payment SchemeThisisaschemeunderwhichparticipatingbanks,buildingsocietiesandNationalSavingsandInvestmentswillreleasefundsfromthedeceased’saccountsdirectlytoHMRCtopayInheritanceTax.

Declaration

120 Do you wish to use the Direct Payment Scheme?

No

Yes FillinScheduleIHT423(you’llneedaseparateformforeachbank,buildingsocietyandNationalSavingsandInvestmentsaccountconcerned)

121 I/Wewishtoapplyforthefollowingtypeofgrant(gotothenote‘Grantofrepresentation’inIHT400,‘Notes’todecideonthetypeofgrant)

• Probate

• Confirmation

• LettersofAdministration

• LettersofAdministrationwithwillannexed

• Other(specify)

Tothebestofmy/ourknowledgeandbelief,theinformationI/wehavegivenandthestatementsI/wehavemadeinthisaccountandtheschedulesattached(togethercalled‘thisaccount’)arecorrectandcomplete.Ticktheschedulesyou’vefilledin.

IHT401

IHT409

IHT417

IHT402

IHT410

IHT418

IHT403

IHT411

IHT419

IHT404

IHT412

IHT420

IHT405

IHT413

IHT430

IHT406

IHT414

IHT435

IHT407

IHT415

IHT436

IHT408

IHT416

I/Wehavemadethefullestenquiriesthatarereasonablypracticableinthecircumstancestofindouttheopenmarketvalueofalltheitemsshowninthisaccount.

Thevalueofitemsinthebox(es)listedareprovisionalestimateswhicharebasedonalloftheinformationavailabletome/usatthistime.

I/WewilltellHMRevenueandCustomstheexactvaluesassoonasI/weknowitandI/wewillpayanyadditionaltaxandinterestthatmaybedue.

Listtheboxesintheaccountthatareprovisionalhere.

WhereScheduleIHT402hasbeenfilledinI/wedeclarethattothebestofmy/ourknowledgeandbelief:• thedeceasedandtheirspouseorcivilpartnerwere

marriedorinacivilpartnershipatthedatethespouseorcivilpartnerdied

• whereaDeedofVariationhasnotbeenprovidedtherehasbeennochangetothepeoplewhoinheritedtheestateofthespouseorcivilpartner

I/WeunderstandthatI/wemaybeliabletoprosecutionifI/wedeliberatelyconcealanyinformationthataffectstheliabilitytoInheritanceTaxarisingonthedeceased’sdeath,orifI/wedeliberatelyincludeinformationinthisaccountwhichI/weknowtobefalse.

I/WeunderstandthatI/wemayhavetopayfinancialpenaltiesifthisaccountisdeliveredlateorcontainsfalseinformation,orifI/wefailtocorrectanythinginthisaccountwhichisincorrectinanymaterialrespectwithinareasonabletimeofitcomingtomy/ournotice.

I/WeunderstandthattheissueofthegrantdoesnotmeanthatI/wehavepaidalltheInheritanceTaxandinterestthatmaybedueontheestate,orthatthestatementsmadeandthevaluesincludedinthisaccountareacceptedbyHMRevenueandCustoms.

I/WeunderstandthatHMRevenueandCustoms:• willonlylookatthisaccountindetailafterthegrant

hasbeenissued• mayneedtoaskfurtherquestionsanddiscussthe

valueofitemsshowninthisaccount• maymakefurthercalculationsoftaxandinterest

payabletohelpthepersonsliableforthetaxtomakeprovisiontomeetthetaxliability

I/WeunderstandthatI/wemayhavetopayinterestonanyunpaidtaxaccordingtothelawwhere:• I/wehaveelectedtopaytaxbyinstalments• additionaltaxbecomespayableforanyreason

Each person delivering this account, whether as executor, intending administrator or otherwise must sign on page 14 to indicate that they have read and agreed the statements above.

Ifyou’reactinginaprofessionalcapacityforthisestategiveeitheryourSAorCTUTRandagentnameonpage14.

Declaration continued

Surname or agent name

First names

Date of birth

National Insurance number or UTR

Phone number

Address

Postcode

Signature

DateDDMMYYYY


First names

Date of birth


Phone number

Address

Postcode

Signature

DateDDMMYYYY


First names

Date of birth


Phone number

Address

Postcode

Signature

DateDDMMYYYY


First names

Date of birth


Phone number

Address

Postcode

Signature

DateDDMMYYYY

ChecklistFormoreinformationreadtherelevantpageintheIHT400,‘Notes’.Usethechecklisttoremindyouof:• theactionsyoushouldtake• theadditionalinformationyoushouldincludewhensendingtheInheritanceTaxformstous

If the deceased died leaving a will, provide a copy of the will, and any codicils

No Yes

If the estate has been varied in any way and the variation results in either an increase or decrease in the amount of tax, provide a copy of the instrument of variation

No Yes

Any professional valuation of stocks and shares

No Yes

Any professional valuation of household effects or personal possessions

No Yes

Any professional valuation of houses, land and buildings

No Yes

A copy of any insurance policy (and annuity, if appropriate) where the deceased was paying the premiums for the benefit of someone else and any trust documents if the policy has been written in trust

No Yes

A copy of any trust deeds, if the trustees are paying tax at the same time as you apply for the grant

No Yes

Any evidence of money owed to the deceased, including loan agreements and related trusts or policies and any evidence of the debts being released

No Yes

A copy of any joint life assurance policy or policy on the life of another person

No Yes

A copy of any structural survey and/or correspondence with the loss adjuster about any structurally damaged property

No Yes

If you’re deducting Agricultural Relief, a plan of the property and a copy of the lease or agreement for letting (where appropriate)

No Yes

If you’re deducting Business Relief, a copy of the partnership agreement (where appropriate) and the last 3 years’ accounts

No Yes

If you’re deducting double taxation relief or unilateral relief, provide evidence of the foreign tax, in the form of an assessment of the foreign tax, a certificate of the foreign tax paid and (if available) the official receipt

No Yes

Any written evidence of debts to close friends or family

No Yes

Have all executors signed page 14 of this form?

No Yes

If you’ve calculated your own tax, have you enclosed the calculation with this form and arranged to pay the tax?

No Yes

DirectPaymentScheme(ifused)If you’re using the Direct Payment Scheme, have you sent a Schedule IHT423 to each organisation from which funds will be provided? GotoIHT423

No Yes

IfyouwantHMRevenueandCustomstocallforpaymentfromBritishgovernmentstock,sendusaletterdetailingtheinvestmentstobeusedandhowmuchofthetaxistobepaidbygovernmentstock.

FormoreinformationonpayingbyNationalSavings,gotowww.gov.uk/paying-inheritance-tax/national-savings-and-investments

Topayusinggovernmentstocks,gotowww.gov.uk/paying-inheritance-tax/british-government-stock

http://www.gov.uk/paying-inheritance-tax/national-savings-and-investmentshttp://www.gov.uk/paying-inheritance-tax/national-savings-and-investmentshttp://www.gov.uk/paying-inheritance-tax/british-government-stock

Ifyouneedmorespace,continueonaseparatesheet.

Return addresses and contact detailsIfyou’reapplyingforagrantinEngland,WalesorNorthernIrelandorconfirmationinScotlandyoushouldsendtheInheritanceTaxformsto:

InheritanceTaxHMRevenueandCustomsBX91HTPhone:03001231072

IfyouwanttoknowmoreaboutanyparticularaspectofInheritanceTaxorhavespecificquestionsaboutcompletingtheforms:• gotowww.gov.uk/inheritance-tax• phonetheProbateandInheritanceTaxHelplineon

03001231072(+443001231072fromoutsidetheUK)

IfyouneedacopyofanyofourformsorleafletsyoucandownloadthemfromourwebsiteorphonetheProbateandInheritanceTaxHelplinetoorderthem.

Additional informationUsethisspace:• toexplainthecircumstanceswherethedeceaseddidnotownanyhouseholdeffects,personalpossessions

ortheydonothaveanyvalue(box34)• togiveusanyadditionalinformationweaskfor,includingdetailsof: —anyclaimfordischargeoflegalrights(box7) —otherassetsandincomeduetothedeceased(box76) —nominatedassets(box101) —successivechargesrelief(IHT400,‘Calculation’,box10) —whyanydebtsthatarenotbeingrepaidoutoftheestatearestillbeingdeducted

againsttheestate(box80or82)

http://www.gov.uk/inheritance-tax

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OffIHT400_54: OffIHT400_55: OffIHT400_56: OffIHT400_57: OffIHT400_58: OffIHT400_59: OffIHT400_60: OffIHT400_61: OffIHT400_62: OffIHT400_63: OffIHT400_64: IHT400_65: IHT400_66: IHT400_67: IHT400_68: IHT400_69: IHT400_70: IHT400_71: IHT400_72: IHT400_73: IHT400_74: IHT400_75: IHT400_76: IHT400_77: IHT400_78: IHT400_79: IHT400_80: IHT400_81: IHT400_82: IHT400_83: IHT400_84: IHT400_85: IHT400_86: IHT400_87: IHT400_88: IHT400_89: IHT400_90: IHT400_91: IHT400_92: IHT400_93: IHT400_94: IHT400_95_01: IHT400_95_02: IHT400_95_03: IHT400_95_04: IHT400_95_05: IHT400_95_06: IHT400_95_07: IHT400_95_08: IHT400_95_09: IHT400_95_10: IHT400_95_11: IHT400_95_12: IHT400_95_13: IHT400_95_14: IHT400_95_15: IHT400_95_16: IHT400_95_17: IHT400_95_18: IHT400_95_19: IHT400_95_20: IHT400_95_21: IHT400_95_22: IHT400_95_23: IHT400_95_24: IHT400_95_25: IHT400_95_26: IHT400_95_27: IHT400_95_28: IHT400_95_29: IHT400_95_30: IHT400_95: IHT400_96_01: IHT400_96_02: IHT400_96_03: IHT400_96_04: IHT400_96_05: IHT400_96_06: IHT400_96_07: IHT400_96_08: IHT400_96_09: IHT400_96_10: IHT400_96_11: IHT400_96_12: IHT400_96_13: IHT400_96_14: IHT400_96_15: IHT400_96_16: IHT400_96_17: IHT400_96_18: IHT400_96_19: IHT400_96_20: IHT400_96: IHT400_97_01: IHT400_97_02: IHT400_97_03: IHT400_97_04: IHT400_97_05: IHT400_97_06: IHT400_97_07: IHT400_97_08: IHT400_97_09: IHT400_97_10: IHT400_97_11: IHT400_97_12: IHT400_97_13: IHT400_97_14: IHT400_97_15: IHT400_97_16: IHT400_97: IHT400_98: IHT400_99: IHT400_100: IHT400_101: IHT400_102: IHT400_103: IHT400_104: IHT400_105: IHT400_106: IHT400_107_01: IHT400_107_02: IHT400_107_03: IHT400_107_04: IHT400_107_05: IHT400_107_06: IHT400_107_07: IHT400_107_08: IHT400_107_09: IHT400_107_10: IHT400_107_11: IHT400_107_12: IHT400_107_13: IHT400_107_14: IHT400_107_15: IHT400_107_16: IHT400_107_17: IHT400_107_18: IHT400_107_19: IHT400_107_20: IHT400_107_21: IHT400_107_22: IHT400_107_23: IHT400_107_24: IHT400_107_25: IHT400_107_26: IHT400_107_27: IHT400_107_28: IHT400_107: IHT400_108_01: IHT400_108_02: IHT400_108_03: IHT400_108_04: IHT400_108_05: IHT400_108_06: IHT400_108: IHT400_109: IHT400_110: IHT400_111: IHT400_112: IHT400_113: IHT400_114: IHT400_115: IHT400_116: IHT400_117: IHT400_118: IHT400_119: IHT400_120: IHT400_121: IHT400_122: IHT400_123: IHT400_TickHere: OffIHT400_124: OffIHT400_125: OffIHT400_126: IHT400_127: IHT400_128: IHT400_129: IHT400_130: IHT400_131: IHT400_132: IHT400_133: IHT400_134: IHT400_135: IHT400_136_01: IHT400_136_02: IHT400_137: OffIHT400_138: OffIHT400_139: IHT400_140_01: OffIHT400_140_02: OffIHT400_140_03: OffIHT400_140_04: OffIHT400_140_05: OffIHT400_140_06: OffIHT400_140_07: OffIHT400_140_08: OffIHT400_140_09: OffIHT400_140_10: OffIHT400_140_11: OffIHT400_140_12: OffIHT400_140_13: OffIHT400_140_14: OffIHT400_140_15: OffIHT400_140_16: OffIHT400_140_17: OffIHT400_140_18: OffIHT400_140_19: OffIHT400_140_20: OffIHT400_140_21: OffIHT400_140_22: OffIHT400_140_23: OffIHT400_141: IHT400_142: IHT400_143: IHT400_144_01: IHT400_144_02: IHT400_144_03: IHT400_144_04: IHT400_144_05: IHT400_144_06: IHT400_144_07: IHT400_144_08: IHT400_145_01: IHT400_145_02: IHT400_145_03: IHT400_145_04: IHT400_145_05: IHT400_145_06: IHT400_146_01: IHT400_146_02: IHT400_146_03: IHT400_146_04: IHT400_146_05: IHT400_146_06: IHT400_146_07: IHT400_146_08: IHT400_147: IHT400_148: IHT400_149_01: IHT400_149_02: IHT400_149_03: IHT400_149_04: IHT400_149_05: IHT400_149_06: IHT400_149_07: IHT400_149_08: IHT400_150_01: IHT400_150_02: IHT400_150_03: IHT400_150_04: IHT400_150_05: IHT400_150_06: IHT400_151_01: IHT400_151_02: IHT400_151_03: IHT400_151_04: IHT400_151_05: IHT400_151_06: IHT400_151_07: IHT400_151_08: IHT400_152: IHT400_153: IHT400_154_01: IHT400_154_02: IHT400_154_03: IHT400_154_04: IHT400_154_05: IHT400_154_06: IHT400_154_07: IHT400_154_08: IHT400_155_01: IHT400_155_02: IHT400_155_03: IHT400_155_04: IHT400_155_05: IHT400_155_06: IHT400_157: IHT400_158: IHT400_159_01: IHT400_159_02: IHT400_159_03: IHT400_159_04: IHT400_159_05: IHT400_159_06: IHT400_159_07: IHT400_159_08: IHT400_160_01: IHT400_160_02: IHT400_160_03: IHT400_160_04: IHT400_160_05: IHT400_160_06: IHT400_162: OffIHT400_163: OffIHT400_164: OffIHT400_165: OffIHT400_166: OffIHT400_167: OffIHT400_168: OffIHT400_169: OffIHT400_170: OffIHT400_171: OffIHT400_172: OffIHT400_173: OffIHT400_174: OffIHT400_175: OffIHT400_176: OffIHT400_177: OffIHT400_178: OffIHT400_179:

IHT400 – Inheritance Tax account...IHT400 Page 1 HMRC 05/20 When to use this form Fill in this...

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Transcript of IHT400 – Inheritance Tax account...IHT400 Page 1 HMRC 05/20 When to use this form Fill in this...