IHTM10011 - IHT accounts: introduction

There are 4 basic accounts for IHT. They are

• IHT400( IHTM10021) – which is completed when someone dies
• IHT100 ( IHTM10650) – which may need to be completed when lifetime transfers are made or when an interest in settled property comes to an end
• IHT100 ( IHTM10501) - old version - which needed to be completed before October 2003 for lifetime transfers and interests in settled property
• IHT101 ( IHTM10601) – which needed to be completed before October 2003 when there was a chargeable event in respect of a non-interest in possession settlement
• Corrective account (C4) ( IHTM10701) – which may need to be completed when the taxpayers wish to make changes to the information originally included on an IHT400, IHT100 or IHT101. The Corrective Inventory (C4) ( IHTM10751) doubles as a corrective account in Scotland.

In addition, there is an IHT205, which is completed when an estate is an excepted estate ( IHTM06012) and ( IHTM06013)