IHTM31136 - Making amendments: new Entries
If one has not already been prepared, you can add a new Entry (
IHTM31011) from the “Estate
- Press the Add button in the Entry option
box (with the drop-down menu). This will take you to a new window
for an Entry with the next consecutive letter. For instance, if
your last Entry was B, the next will be C. (For this reason you
should consider the order of your Entries before you set them
- Give a description of the new Entry, such
as “F Bloggs Will Trust”. What you write here will
appear as the title on printed assessments.
- Select the appropriate type of chargeable
transfer from the drop-down stats box. Ensure that this is correct,
as you cannot change it later.
- If the Entry relates to a lifetime
transfer, insert the date of transfer in the new box that will
appear. If you are including a number of transfers within the same
Entry, use the date of the last transfer. COMPASS will use the date
to calculate any taper relief (
IHTM14611) and interest.
- Click on the OK box to confirm that you
want to add the Entry.
An NIOP (
IHTM31011) assessment group is
automatically set up. Add other assessment groups, asset,
liabilities and reliefs in the usual way.
COMPASS will bring forward the agent and liable people
details from the previous Entry. It is likely that you will need to
change some of these. Do this in the usual way, ensuring that the
correct Entry is displayed in the Entry option in the Estate
You can add a new Entry in the Case Outline window. Choose
any Entry folder and click once with the right hand mouse button.
This will produce a menu from which you can select “Add