HMRC Inheritance Tax: Customer Guide

• How do I value National Savings Investments?
• How do I value bank and building society accounts?
• How do I value travellers' cheques?

How do I value National Savings Investments?

You can find out the value of all National Savings investments by sending off form NSA 904 which you can get from the Post Office.

How do I value bank and building society accounts?

The bank or building society will be able to tell you how much was in each account when the deceased died and how much interest was due, but not paid, up to the date of death.

How do I value travellers' cheques?

Sterling travellers' cheques should be included as capital at face value. If the travellers' cheques are in one of the major foreign currency, you should convert them to sterling using the closing mid-price at the date of death from the ‘Pound Spot Forward against the Pound' table in the Financial Times. Otherwise convert them at the rate shown in the 'FT guide to World Currencies' which is published every week in the Financial Times on Monday.