IHTM10000 - IHT accounts and accountability: contents
| Summary |
| IHT accounts |
| IHT400 |
| IHT100 (before 2003) |
| IHT101 (before 2003) |
| IHT100 (2003 onwards) |
| Corrective account (C4) England, Wales and Northern Ireland |
| Corrective account (C4) Scotland |
| Accountability |
Summary
| IHTM10001 | Summary |
IHT accounts
| IHTM10011 | Introduction |
IHT400
| IHTM10021 | Introduction |
| IHTM10022 | What is included in the account |
| IHTM10030 | Deceased’s details (pages 1 and 2) |
| IHTM10031 | Deceased domiciled in Scotland (page 2) |
| IHTM10032 | Contact details of person dealing with the estate and repayment authority (page 3) |
| IHTM10033 | Deceased’s Will (page 3) |
| IHTM10034 | Items referred to in the Will but not included in the estate (page 4) |
| IHTM10035 | Supplementary Schedules (pages 1, 4 and 5) |
| IHTM10036 | Estate in the UK - jointly owned assets (page 6) |
| IHTM10037 | Estate in the UK - assets owned outright by the deceased (pages 6 and 7) |
| IHTM10038 | Deductions from the estate in the UK incurred up to the date of death (pages 8 and 9) |
| IHTM10039 | Exemptions and reliefs (pages 9 and 10) |
| IHTM10040 | Other assets taken into account to calculate the tax (page 10) |
| IHTM10041 | Working out the tax and the simple calculation (page 11) |
| IHTM10042 | Direct Payment scheme (page 12) |
| IHTM10043 | Declaration (pages 12 and 13) |
| IHTM10044 | Checklist (page14) |
| IHTM10045 | Additional information pages (pages 15 and 16) |
Investigating the deceased’s personal details
| IHTM10050 | Domicile (box 6) |
| IHTM10051 | Surviving spouse or civil partner (box 8) |
| IHTM10052 | Last known permanent address (boxes 11 and 12) |
| IHTM10053 | Nursing and residential homes (box 12) |
| IHTM10054 | Occupation (box 13) |
| IHTM10055 | Power of attorney (box 16) |
| IHTM10056 | Deceased’s Will |
Investigating the assets on page 6
| IHTM10060 | Deceased’s residence (box 51) |
| IHTM10061 | Cash (box 53) |
| IHTM10062 | Household and personal goods(box 55) |
| IHTM10063 | Pensions(box 56) |
| IHTM10064 | Life assurance and mortgage protection policies (box 57) |
Bank and building society accounts (box 52)
| IHTM10070 | What accounts are included ? |
| IHTM10071 | Investigating values |
| IHTM10072 | Valuing entitlements arising from take-overs, mergers and flotations of building societies and other mutual organisations |
| IHTM10073 | Valuation of compensation rights on failure of bank or building society |
Premium Bonds (box 54)
| IHTM10081 | Investigating values |
| IHTM10082 | When to include prizes |
National Savings investments (box 54)
| IHTM10091 | Investments to be included in estate |
| IHTM10092 | Investigating values |
Investigating the assets on page 7
| IHTM10101 | Stocks and shares (boxes 62 to 67) |
| IHTM10102 | Farms, farmhouses and farmland (box 68) |
| IHTM10103 | Businesses including farm businesses and timber (box 69) |
| IHTM10104 | Other land, buildings and rights over land (box 70) |
| IHTM10105 | Interest in another estate (boxes 71 and 72) |
| IHTM10106 | Debts due to the estate (box 73) |
| IHTM10107 | Income Tax or Capital Gains Tax repayment (box 74). |
| IHTM10108 | Trust income due to the deceased (box 75) |
Other income and assets due to the deceased (box 76)
| IHTM10110 | General |
Other income due to the deceased (box 76)
| IHTM10120 | General |
| IHTM10121 | Barrister's fees |
| IHTM10122 | Civil Service pay and pensions |
| IHTM10123 | Redundancy payments |
| IHTM10124 | Rents due to the deceased |
| IHTM10125 | Retrospective pay awards |
Other assets due to the deceased
| IHTM10151 | General |
| IHTM10152 | Interest in expectancy |
| IHTM10153 | Private health schemes |
| IHTM10154 | Compulsory acquisition of land |
| IHTM10155 | Copyrights, royalties, etc. |
| IHTM10156 | Damages or claims for damages |
| IHTM10157 | Deferred legacies |
| IHTM10158 | Grants from the Compensation Fund of the Law Society and Scottish Solicitors' Guarantee Fund |
| IHTM10159 | Property subject to a binding contract for sale |
| IHTM10160 | School composition fees |
| IHTM10161 | Council Tax rebanding |
Certificates of Tax Deposit
| IHTM10251 | Introduction |
| IHTM10252 | Calculating interest |
| IHTM10253 | Valuing for IHT purposes |
Compensation payments
| IHTM10261 | Compensation for discrimination |
| IHTM10262 | Compensation for Holocaust victims |
| IHTM10263 | Compensation for personal injuries on death |
| IHTM10264 | Compensation payments under the Law Reform (Miscellaneous Provisions) Act 1934 |
| IHTM10265 | Compensation under the Fatal Accidents and National Insurance (Industrial Injuries) Acts |
| IHTM10266 | Ex gratia payments for Tort committed by a member of the Armed Forces of the Crown or the United States' Forces |
| IHTM10267 | Ex gratia compensation payments made by the Criminal Injuries Compensation Board |
| IHTM10268 | Payments under Damages (Scotland) Act 1976 |
| IHTM10269 | Compensation for industrial injuries to coal miners |
| IHTM10270 | Compensation payments under the NHS Health Care Scheme |
| IHTM10271 | Equitable Life Compensation Payments |
Legal rights (Scotland)
| IHTM10300 | Introduction |
| IHTM10301 | Valuation under the general law |
| IHTM10302 | Valuing legal rights as an asset of the estate |
| IHTM10303 | Valuing legal rights as a debt of the estate |
| IHTM10304 | For IHT purposes |
| IHTM10305 | Interest on legal rights |
Share options
| IHTM10351 | What are share options? |
| IHTM10352 | Pure share option schemes |
| IHTM10353 | SAYE share option schemes |
Deductions from the estate
| IHTM10361 | Introduction |
| IHTM10362 | Where to find instructions about specific types of debt |
| IHTM10365 | Mortgages and secured loans (box 80) |
Funeral expenses (box 81)
| IHTM10371 | Introduction and general approach |
| IHTM10372 | Flowers |
| IHTM10373 | Gravestones and memorials |
| IHTM10374 | Memorial services |
| IHTM10375 | Mourning expenses |
| IHTM10376 | Overseas funerals of non-domiciled deceased |
| IHTM10377 | Refreshments |
| IHTM10378 | Transport and embalming costs |
| IHTM10379 | Travelling and accommodation expenses |
Other deductions from the chargeable estate
| IHTM10390 | Dealing with deficits |
| IHTM10400 | Exemptions and reliefs |
Checking the declaration (box 119)
| IHTM10461 | Grant of representation |
| IHTM10462 | Supplementary Schedules |
| IHTM10463 | Estimated values |
| IHTM10464 | Personal representatives |
Reduced account
| IHTM10471 | Purpose |
| IHTM10472 | Conditions |
| IHTM10473 | What supplementary pages may be left out |
| IHTM10474 | When may a value be estimated? |
| IHTM10475 | Dealing with a reduced account |
| IHTM10476 | Incorrect delivery of a reduced account |
| IHTM10477 | Penalties for incorrect delivery of a reduced account |
| IHTM10478 | Effect of instrument of variation |
| IHTM10479 | Replacing estimated values of property now chargeable |
IHT100 (before 2003)
| IHTM10501 | Introduction |
| IHTM10510 | Part 1 (solicitor or other person to contact) |
| IHTM10511 | Part 2A (date of transfer) |
| IHTM10512 | Part 3 (transferor) |
| IHTM10513 | Part 4 (transferee) |
| IHTM10540 | Part 5B (details of the transfer) |
| IHTM10541 | Part 5C (deductions) |
| IHTM10542 | Part 5D (reliefs and exemptions) |
| IHTM10543 | Part 5E (agricultural and business reliefs) |
| IHTM10544 | Part 6 (payment of tax) |
| IHTM10545 | Part 7 (other transfers) |
| IHTM10546 | Part 8 (declaration) |
When should you ask for an IHT 100 to be completed
| IHTM10503 | Potentially exempt transfers |
| IHTM10504 | Gifts with reservation |
| IHTM10505 | Terminations of an interest in possession in settled property |
| IHTM10506 | Other lifetime transfers |
Part 5A (the transfer)
| IHTM10521 | General |
| IHTM10522 | Question 1 (trust deeds) |
| IHTM10523 | Question 2 (policies) |
| IHTM10524 | Question 3 (releases, rights, mergers, changes of interests) |
| IHTM10525 | Question 4 (close companies) |
| IHTM10526 | Question 5 (associated operations) |
| IHTM10527 | Question 6 (transfers of land) |
| IHTM10528 | Question 7 (transfers of shares in a private company) |
IHT101 (before 2003)
| IHTM10601 | Introduction |
| IHTM10602 | Page 1 (name and date of settlement) |
| IHTM10603 | Page 1 (date of event) |
| IHTM10604 | Page 1 (name and address of person to contact) |
| IHTM10605 | Page 1 (settlor/testator) |
| IHTM10606 | Page 1 (beneficiaries) |
| IHTM10630 | Details of chargeable events (property) |
| IHTM10631 | Details of chargeable event (deductions) |
| IHTM10632 | Chargeable event (reliefs and exemptions claimed) |
| IHTM10633 | Payment of tax |
| IHTM10634 | Trustees declaration |
Page 2 (settlement details)
| IHTM10611 | General |
| IHTM10612 | Trust deeds |
| IHTM10613 | Related settlements |
| IHTM10614 | Chargeable events not previously disclosed |
| IHTM10615 | Additions to settlements |
| IHTM10616 | Settled property becoming relevant property |
Page 2 (chargeable event)
| IHTM10621 | Identifying the chargeable event |
| IHTM10622 | Assets remaining in the settlement |
| IHTM10623 | Transfers of land |
| IHTM10624 | Transfer of shares in a private company |
IHT100 (2003 onwards)
| IHTM10650 | Introduction |
| IHTM10651 | When to use IHT 100 |
| IHTM10652 | When not to use IHT 100 |
| IHTM10653 | Section A - About the Chargeable event |
| IHTM10654 | Section B - About the transferor/settlement |
| IHTM10655 | Section C - Person we should contact |
| IHTM10656 | Section D - Supplementary pages |
| IHTM10657 | Section E - Assets in the UK where tax may not be paid by instalments |
| IHTM10658 | Section F - Assets in the UK where tax may be paid by instalments |
| IHTM10659 | Section G - Summary of the chargeable event |
| IHTM10660 | Section H - Working out the tax |
| IHTM10661 | Section J - Authority for repayment of inheritance tax |
| IHTM10662 | Section K - Declaration |
Event form
| IHTM10665 | IHT 100a - Gifts and other transfers of value including failed potentially exempt transfers |
| IHTM10666 | IHT 100b - Ending of an interest in possession in settled property |
| IHTM10667 | IHT 100c - Assets in a discretionary trust ceasing to be relevant property (proportionate charge) |
| IHTM10668 | IHT 100d - Discretionary trust ten-year anniversary (principle charge) |
| IHTM10669 | IHT 100e - Assets ceasing to be held on special trusts (flat rate charge) |
| IHTM10670 | IHT 100f - Cessation of conditional exemption and disposal of trees or underwood (recapture charge) |
Investigating Event Form
| IHTM10675 | IHT 100a - Gifts and other transfers of value including failed potentially exempt transfers |
| IHTM10676 | IHT 100b - Ending of an interest in possession in settled property |
| IHTM10677 | IHT 100c - Assets in a discretionary trust ceasing to be relevant property (proportionate charge) |
| IHTM10678 | IHT 100d - Discretionary trust ten-year anniversary (principal charge) |
| IHTM10679 | IHT 100e - Assets ceasing to be held on special trusts (flat rate charge) |
| IHTM10680 | IHT 100f - Cessation of conditional exemption and disposal of trees or underwood (recapture charge) |
Investigating supplementary form
| IHTM10685 | D31 - Domicile outside the United Kingdom |
| IHTM10686 | D32 - Stocks and shares |
| IHTM10687 | D33 - Debts due to the settlement |
| IHTM10688 | D34 - Insurance |
| IHTM10689 | D35 - Household and personal goods |
| IHTM10690 | D36 - Land and buildings: Interests in land: Trees or underwood |
| IHTM10691 | D37 - Agricultural relief |
| IHTM10692 | D38 - Business relief |
| IHTM10693 | D39 - Foreign assets |
| IHTM10694 | D40 - Other information |
Corrective account (C4) England, Wales and Northern Ireland
| IHTM10701 | Introduction |
| IHTM10702 | When is an account required (England, Wales and Northern Ireland)? |
| IHTM10703 | Who should complete and sign the account? |
| IHTM10704 | Page 1 |
| IHTM10705 | Pages 2 and 3 |
| IHTM10706 | Page 4 |
Corrective account (C4) Scotland
| IHTM10751 | When is an account required (Scotland)? |
| IHTM10752 | Who should complete and sign the account? |
| IHTM10753 | Page 1 |
| IHTM10754 | Pages 2 and 3 |
| IHTM10755 | Page 4 |
| IHTM10756 | What to do when you receive a corrective account. |
Accountability
| IHTM10801 | Introduction |
| IHTM10802 | What is to be included in an account? |
| IHTM10803 | Time limits |
| IHTM10804 | When is an account not required? |
| IHTM10805 | Corrective accounts |
| IHTM10840 | Recapture charges for heritage property and woodlands |
| IHTM10850 | Instruments of variation |
Transfers on death
| IHTM10811 | General rule |
| IHTM10812 | 'Appropriate property' |
| IHTM10813 | Use of estimated values |
| IHTM10814 | No grant of representation or confirmation |
Lifetime transfers
| IHTM10821 | Potentially exempt transfers (PETs) |
| IHTM10822 | Transfers that are chargeable when made |
| IHTM10823 | Excepted transfers |
| IHTM10824 | Gift with reservation (GWR) |
Settled property
| IHTM10831 | General rules on accountability when there is a qualifying interest in possession |
| IHTM10832 | Transfers on death |
| IHTM10833 | Lifetime transfers |
| IHTM10834 | Excepted terminations |
| IHTM10835 | Discharge for an excepted termination |
| IHTM10836 | Relevant property settlements, including maintenance funds |
| IHTM10840 | Recapture charges for heritage property and woodlands |
| IHTM10850 | Instruments of variation executed on or after 1 August 2002 |
