IHTM06063 - Miscellaneous matters: no grant cases
Where there is no need to take out a grant of representation,
but other assets, such as jointly owned assets (
IHTM15011); settled property (
IHTM16042) or foreign property (
IHTM27001) pass on death; or the
deceased has made significant lifetime gifts an account is due from
the relevant liable people.
Provided the aggregate value of these components does not
exceed the nil rate band
and the value of these various components fall
within the relevant cash limit, there is no need for the liable
people to deliver an account.
Where, however, the aggregate value does not exceed the nil
rate band but the value of a component of the estate exceeds the
relevant cash limit, then strictly an account is required from all
the liable people, even though there is no tax to pay.
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
- (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
- (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
- (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
