IHT412 – Unlisted stocks and shares and control holdings

Use IHT412 with form IHT400 to give details of any stocks or shares that are: Listed on the Alternative Investment Market (AIM) or traded on OFEX Held in a private limited company, Business Expansion Scheme or business start-up scheme Listed on a recognised stock exchange and the deceased had control of the company How to … Read more

IHT411 – Listed stocks and shares

The form IHT411 (Listed stocks and shares) provides details of shares that are listed on a recognised exchange in which the market meets the definition of ‘listed’ for HMRC purposes, except where the deceased had a control holding. Purpose of the IHT411 Form The IHT411 form is used to report the value of the estate … Read more

IHT410 – Life assurance and annuities

The IHT410 form within the IHT400 document is used to provide details about any life insurance policies, annuities or investment bonds that the deceased made regular monthly or lump sum payments on. It is not important whether the policies were on the deceased’s life or someone else’s life or whether the policies were for the … Read more

IHT409 – Pensions

The IHT409 form is used when the deceased made provision for a pension in addition to a State pension. This could be either from a previous employer or a personal pension. The form should be completed whether or not any scheme payments are liable to Inheritance Tax. The IHT409 form, also known as the “Probate … Read more

IHT408 – Household and personal goods donated to charity

The IHT408 form is used to give details if the person who inherited the deceased’s household and personal goods wish to donate an amount to a UK charity and deduct charity exemption against the value of the estate. Who needs to fill out the IHT408 form? The IHT408 form must be completed by the executor … Read more

IHT407 – Household and personal goods

The IHT407 is used in conjunction with form IHT400 that provides details about the deceased’s household and personal goods, such as jewellery, antiques, cars, as well as domestic items. If the deceased owned any household or personal goods jointly, you should include the value of these items on form IHT404 instead. Who needs to complete … Read more

IHT406 – Bank and building society accounts explained

Use the IHT406 with form IHT400 to give details of any National Savings Investments, Premium Bonds, bank or building society accounts that the deceased held in their sole name that were in credit at the date of death.   Click here to download our FREE IHT Checklist:>>   What is IHT406? IHT406 is a form … Read more

IHT405 – Houses, land and buildings

The IHT405 form is used to provide details of the houses, land and buildings or interests in land and buildings owned by the deceased using the IHT405 with form IHT400. If you have a professional valuation, you should attach a copy of this to the form. What is the IHT405 form? The IHT405 form is … Read more

IHT403 form – Gifts and other transfers of value explained

IHT403 is a form that is used in the United Kingdom for Inheritance Tax purposes to report gifts that were made by the deceased person in the previous 7 years. It is also known as the Inheritance Tax account form and is required to be completed by the executor or administrator of an estate when … Read more

IHT404: Jointly owned assets

An IHT404 form is used to establish the value of an individual’s estate after they pass away, and it is payable by their beneficiaries. Use the IHT404 with form IHT400 to give details of all UK assets the deceased owned jointly with another person. The IHT404 form is also known as the Account of Estate … Read more

Everything you need to know about IHT402 forms

The IHT402 form within the IHT400 document is used to transfer to the deceased’s estate any unused Inheritance Tax threshold (or ‘nil rate band’) from the previously deceased spouse or civil partner. Who needs to fill out the IHT402 form? The executor or administrator of the estate is responsible for filling out the IHT402 form. … Read more

What are IHT435 and IHT436 forms?

IHT435 and IHT436 are forms used in the United Kingdom for the purposes of inheritance tax. These forms are used to report and pay any inheritance tax owed on the estate of a deceased person. These forms are used to claim the residence nil rate band (RNRB) against the estate of someone who has passed … Read more

DIY Grant Of Probate

If you’re looking for a DIY Grant of Probate, you’re not alone.  Thousands of people now choose to handle probate themselves. Why? Probate has long been overpriced by solicitors, who often charge a minimum of £5,000 for the service. In most cases, probate is typically quite straightforward, and not worth that investment. With a straightforward … Read more