Once you have selected the appropriate property category (
IHTM31131), you will arrive at the
assets screen showing a list of the assets (and their values)
recorded under that Entry and type of property, such as Free
Estate, Standard.
You can also access the assets and liabilities entered for an
estate from the case outline window (accessed by the branch-diagram
icon), double click on the asset you want to change. This will
bring you straight to the update screen for that asset. Make the
changes and press OK to take you back to the case outline
screen.
To update an existing record, highlight that record on the list
and click on the “Update” button.
If you want to increase or decrease the amount of the
existing amount, type in the difference in the left box and press
the appropriate + or – button.
If you want to replace the original figure, type the new
figure in the left box and press the = button.
If you have an open ERS enquiry (
IHTM29012), you must select whether you
want the adjustment to be compliant (
IHTM29107) before you can save and exit
the record through the OK button.
If you want to delete a record, highlight it in the list and
click on the Delete button.
Again, if you have an open ERS record, you will be prompted
to confirm whether you wish to record the deletion as
compliant.
Press the Add button and select the type of asset from the list.
You do not have the option of naming the asset individually and it
must fit into one of the standard groups, as on the HMRC Account.
Write the amount of the new asset in the left box and press
=. Note whether the addition is compliant by checking in the
appropriate option.
Enter the liabilities screen through the
“Liabilities” button.
Amend, delete and add new records as for assets using the
drop down menu from the description box.
Funeral and associated expenses have their own separate
record below the list of other liabilities.
