iht400 – inheritance tax account...iht400 page 1 hmrc 05/20 when to use this form fill in this...
TRANSCRIPT
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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
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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
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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
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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?
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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?
No Yes UseSchedule IHT436
29c Transfer of unused nil rate bandDoyouwanttotransferanyunusednilratebandfromthedeceased’sspouseorcivilpartnerwhodiedbeforethem?
No Yes UseSchedule IHT402
30 Gifts and other transfers of valueDidthedeceasedmakeanylifetimegiftsorothertransfersofvalueonorafter18March1986?SeeIHT400,‘Notes’
No Yes UseSchedule IHT403
31 Jointly owned assetsDidthedeceasedjointlyownanyassets(otherthanbusinessorpartnershipassets)withanyotherpersons?
No Yes UseSchedule IHT404
32 Houses, land, buildings and interests in landDidthedeceasedownanyhouses,landorbuildingsorhaverightsoverlandintheUKintheirsolename?
No Yes UseSchedule IHT405
33 Bank and building society accountsDidthedeceasedholdanybankorbuildingsocietyaccountsintheirsolename,includingcashISAs,NationalSavingsandPremiumBonds?
No Yes UseSchedule IHT406
34 Household and personal goodsDidthedeceasedownanyhouseholdgoodsorpersonalpossessions?
No Yes UseSchedule IHT407
Ifthedeceaseddidnotownanyhouseholdgoodsorpersonalpossessionsortheydonothaveanyvalue,pleaseexplainthecircumstancesinthe‘Additionalinformation’boxesonpage16.
35 Household and personal goods donated to charityDothepeoplewhoinheritthedeceased’shouseholdgoodsandpersonalpossessionswanttodonatesomeorallofthemtoaqualifyingcharityanddeductcharityexemptionfromthevalueoftheestate?Forexample,theymaywishtodonatethedeceased’sfurnituretoacharityshop
No Yes UseSchedule IHT408
36 PensionsDidthedeceasedhaveanyprovisionforretirementotherthantheStatePension?Forexample,apensionfromanemployer,apersonalpensionpolicy(oranalternativelysecuredpension)
No Yes UseSchedule IHT409
37 Life assurance and annuitiesDidthedeceasedpaypremiumsonanylifeassurancepolicies,annuitiesorotherproductswhicharepayableeithertotheirestate,toanotherpersonorwhichcontinueafterdeath?
No Yes UseSchedule IHT410
38 Listed stocks and sharesDidthedeceasedownanylistedstocksandsharesorstocksandsharesISAs(excludingcontrolholdings)?
No Yes UseSchedule IHT411
39 Unlisted stocks and shares and control holdingsDidthedeceasedownanyunlistedstocksandshares(includingAIMandOFEX),oranycontrolholdingsofanylistedshares?
No Yes UseSchedule IHT412
40 Business Relief, business and partnership interests and assets DoyouwanttodeductBusinessRelieffromanybusinessinterestsandassetsownedbythedeceasedorapartnershipinwhichtheywereapartner?
No Yes UseSchedule IHT413
41 Farms, farmhouses and farmlandDoyouwanttodeductAgriculturalRelieffromanyfarmhouses,farmsorfarmlandownedbythedeceased?
No Yes UseSchedule IHT414
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What makes up your Inheritance Tax account – schedules continuedTomakeacompleteaccountoftheestateyoumayneedtofillinseparateschedules.
Answerthefollowingquestionsbytickingthe‘No’or‘Yes’box.
42 Interest in another estateWasthedeceasedentitledtoreceiveanylegacyorassetsfromtheestateofsomeonewhodiedbeforethemandthattheyhadnotreceivedbeforetheydied?
No Yes UseSchedule IHT415
43 Debts due to the estateWasthedeceasedowedanymoneybywayofpersonalloansormortgageatthedateofdeath?
No Yes UseSchedule IHT416
44 Foreign assetsDidthedeceasedownanyassetsoutsidetheUKeitherintheirsolenameorjointlywithothers?
No Yes UseSchedule IHT417
45 Assets held in trustDidthedeceasedhaveanyrighttobenefitfromanyassetsheldintrust(includingtherighttoreceiveassetsheldinatrustatsomefuturedate)?
No Yes UseSchedule IHT418
46 Debts owed by the deceasedDoyouwishtoincludeadeductionfromtheestatefordebtsandliabilitiesofthefollowingtypes:• moneythatwasspentonbehalfofthedeceasedand
whichwasnotrepaid• loans• liabilitiesrelatedtoalifeassurancepolicywherethe
sumassuredwillnotbefullyreflectedintheestate• debtsthatthedeceasedguaranteedonbehalfof
anotherperson?
No Yes UseSchedule IHT419
47 National Heritage assetsIsanyassetalreadyexemptorisexemptionnowbeingclaimed,onthegroundsofnational,scientific,historic,artistic,scenicorarchitecturalinterest?OrdoesanysuchassetbenefitfromanApprovedMaintenanceFundfortheupkeepandpreservationofNationalHeritageassets?
No Yes UseSchedule IHT420
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
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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) £
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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)£
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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 £
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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 £
90 Box 86 minus box 88 £
91 Total estate in the UK (box89plusbox90) £
http:available.Do
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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 £
94 Box 89 minus box 92 £
95 Box 90 minus box 93 £
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
£
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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%) £
•
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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.
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Page14
Declaration continued
Surname or agent name
First names
Date of birth
National Insurance number or UTR
Phone number
Address
Postcode
Signature
DateDDMMYYYY
Surname or agent name
First names
Date of birth
National Insurance number or UTR
Phone number
Address
Postcode
Signature
DateDDMMYYYY
Surname or agent name
First names
Date of birth
National Insurance number or UTR
Phone number
Address
Postcode
Signature
DateDDMMYYYY
Surname or agent name
First names
Date of birth
National Insurance number or UTR
Phone number
Address
Postcode
Signature
DateDDMMYYYY
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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
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Page16
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
IHT400_01: [ ]IHT400_02_01: IHT400_02_02: IHT400_03_01: IHT400_03_02: IHT400_04_01: IHT400_04_02: IHT400_04_03: IHT400_04_04: IHT400_04_05: IHT400_04_06: IHT400_04_07: IHT400_04_08: IHT400_05: IHT400_06: OffIHT400_07_01: IHT400_07_02: IHT400_07_03: IHT400_07_04: IHT400_07_05: IHT400_07_06: IHT400_07_07: IHT400_07_08: IHT400_08: OffIHT400_08a: IHT400_09: OffIHT400_10: OffIHT400_11_01: IHT400_11_02: IHT400_11_03: IHT400_11_04: IHT400_11_05: IHT400_11_06: IHT400_11_07: IHT400_11_08: IHT400_12_01: OffIHT400_12_02: OffIHT400_12_03: OffIHT400_12_04: OffIHT400_12_05: OffIHT400_13_01: IHT400_13_02: IHT400_14_01: IHT400_14_02: IHT400_15_01: IHT400_15_02: IHT400_15_03: IHT400_15_04: IHT400_15_05: IHT400_15_06: IHT400_15_07: IHT400_15_08: IHT400_16_01: IHT400_16_02: IHT400_16_03: IHT400_16_04: IHT400_17_01: IHT400_17_02: IHT400_17_03: IHT400_17_04: IHT400_18: OffIHT400_19_01: IHT400_19_02: IHT400_19_03: IHT400_19_04: IHT400_19_05: IHT400_19_06: IHT400_20: IHT400_21_01: IHT400_21_02: IHT400_21_03: IHT400_21_04: IHT400_21_05: IHT400_21_06: IHT400_21_07: IHT400_21_08: IHT400_21_09: IHT400_22_01: IHT400_22_02: IHT400_22_03: IHT400_22_04: IHT400_22_05: IHT400_22_06: IHT400_22_07: IHT400_22_08: IHT400_22_09: IHT400_22_10: IHT400_23: OffIHT400_24_01: IHT400_24_02: IHT400_25_01: IHT400_25_02: IHT400_25_03: IHT400_25_04: IHT400_25_05: IHT400_25_06: IHT400_25_07: IHT400_25_08: IHT400_26_01: IHT400_26_02: IHT400_26_03: IHT400_26_04: IHT400_27_01: IHT400_27_02: IHT400_27_03: IHT400_27_04: IHT400_28: IHT400_29: IHT400_30: IHT400_31: IHT400_33_01: IHT400_32_00: IHT400_32_01: IHT400_32_02: IHT400_32_03: IHT400_32_04: IHT400_32_05: IHT400_37: OffIHT400_38: OffIHT400_39_01: IHT400_39_02: IHT400_39_03: IHT400_39_04: IHT400_39_05: IHT400_39_06: IHT400_40: OffIHT400_41_01: IHT400_41_02: IHT400_41_03: IHT400_41_04: IHT400_41_05: IHT400_42: OffIHT400_43: OffIHT400_44: OffIHT400_45: OffIHT400_46: OffIHT400_47: OffIHT400_48: OffIHT400_49: OffIHT400_50: OffIHT400_51: OffIHT400_52: OffIHT400_53: 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: