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  • Insurance premiums - question 6 on forms IHT205 and C5

Insurance premiums - question 6 on forms IHT205 and C5

This guide answers common questions about insurance policies on the Inheritance Tax 'Return of Estate Information' forms IHT205 and C5.

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Insurance premiums - question 6

Most people's life insurance policies pay out to their estate if they die. If this was the case for the deceased, you can answer ‘no’ to question 6 and move on.

However, the estate won't be an excepted estate if either of the following applies. The deceased;

  • put an insurance policy into a trust within seven years of the death
  • bought an annuity and paid premiums on an insurance policy that would pay out to someone else and not their estate - for example to a child

In this case you’ll have to fill in a full Inheritance Tax account instead - form IHT400.

Get form IHT400 - Inheritance Tax Account

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More useful links

Download the IHT206 guidance notes for form IHT205 (PDF 535K)

Download the C3 guidance notes for form C5 (PDF 245K)

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