IHTM10505 - When should you ask for an IHT 100 to be completed: settled property

When an interest in possession terminates the trustees are accountable (IHTM10831) and should normally complete an IHT 100. But when a termination arises on death the deceased’s personal representatives (IHTM05012) also have to give details of the settled property and at least the net value of the property in the settlement on form IHT418which is attached to the IHT400. They are also asked, if they can, to provide full details of all assets and liabilities that make up the settlement.

If the personal representatives have sent in a form D5 you should only ask for the trustees to complete an IHT 100 if one of the following apply

• the trustees and the personal representatives are not the same people
• full details of all the assets and liabilities are not provided on the form IHT418
• when form IHT400 was delivered late and the IHT 100 remains outstanding, or
• there are other exceptional circumstances for wanting the trustees to complete an IHT 100.