IHTM09212 - Exchange of information with tax offices (form 984 procedures): what features should an estate have before you complete a form 984?

A form 984 must be completed if the estate includes any of the following features

• cash of £10,000 or more which is either held at home (for example under the mattress or in shoe boxes) or in safety deposit boxes
• Personal Equity Plans (PEPs), National Savings Certificates (NSCs) orPremium Bonds which together total £20,000 or more
• gifts which together total £20,000 or more
• household and personal goods of £20,000 or more
• foreign assets included in the IHT400, but not foreign stocks and shares that are listed on the London Stock Exchange
• two or more residences that are not let
• let property (both residential and business lets)
• shares and bank accounts which together total £500,000 or more
• farms and businesses totalling £300,000 or more (this includes the value of the farm property and any business property)
• accrued income of £50,000 or more
• other, which means anything else that the tax office might not be aware of, such as assets held in a safe deposit box or simply stored at a bank, or large debts for services rendered which is income in the hands of the recipient.