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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Completing the account: links between inventory form C1 and the IHT400 (Scotland)

Because every asset in the estate is listed for confirmation (IHTM05104) purposes on the inventory (IHTM05025) form C1, the personal representatives (IHTM05012) do not need to duplicate all this information in the IHT400. In particular:

  • stocks and shares do not need to be individually listed on Schedule IHT411 (IHTM10033),
  • insurance policies paying out to the estate do not need to be listed on Schedule IHT410, and
  • bank and building society accounts, national savings investments and premium bonds do not need to be listed on Schedule IHT406.