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HMRC internal manual

Inheritance Tax Manual

General procedural matters: accounts from trustees

From 1 August 2002 onwards the trustees of settled property (IHTM16041) do not need to deliver an account if the relevant conditions (IHTM06017) are met for the estate to be an excepted estate (IHTM06011).

Trustees should contact the personal representatives (IHTM05012) of the deceased, or their agents, in the first instance to ascertain whether or not the estate as a whole qualifies as an excepted estate.

Trustees who are certain that the estate will not qualify as an excepted estate must submit an account in the normal way. They should make it clear that the estate will not be an excepted estate.