Exceptions where no grant needed: National Savings Investments and FOTRA securities
Where the deceased was domiciled abroad and owned National Savings Investments and/or FOTRA securities (IHTM27241) and meets certain conditions, the asset holder may be prepared to release the assets without the need for a grant. But they will only do so on receipt of a certificate from HMRC which confirms we are satisfied that there is no IHT payable.
To obtain such a certificate, the personal representatives should write to the Nottingham office, outlining the circumstances of the estate. If it seems likely that the estate may qualify for this procedure, form Mis44 is sent to the personal representatives for completion and return.
If all is in order with the completed Mis44, a letter confirming that there is no IHT to pay is issued.