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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

IHT accounts and accountability: contents

Summary
  1. IHTM10001
    Summary
IHT accounts
  1. IHTM10011
    IHT accounts: Introduction
IHT400
  1. IHTM10021
    IHT400: Introduction
  2. IHTM10022
    IHT400: What is included in the account
  3. IHTM10030
    IHT400: Deceased’s details (pages 1 and 2)
  4. IHTM10031
    IHT400: Deceased domiciled in Scotland (page 2)
  5. IHTM10032
    IHT400: Contact details of person dealing with the estate and repayment authority (page 3)
  6. IHTM10033
    IHT400: Deceased’s Will (page 3)
  7. IHTM10034
    IHT400: Items referred to in the Will but not included in the estate (page 4)
  8. IHTM10035
    IHT400: Supplementary Schedules (pages 1, 4 and 5)
  9. IHTM10036
    IHT400: Estate in the UK - jointly owned assets (page 6)
  10. IHTM10037
    IHT400: Estate in the UK - assets owned outright by the deceased (pages 6 and 7)
  11. IHTM10038
    IHT400: Deductions from the estate in the UK incurred up to the date of death (pages 8 and 9)
  12. IHTM10039
    IHT400: Exemptions and reliefs (pages 9 and 10)
  13. IHTM10040
    IHT400: Other assets taken into account to calculate the tax (page 10)
  14. IHTM10041
    IHT400: Working out the tax and the simple calculation (page 11)
  15. IHTM10042
    IHT400: Direct Payment scheme (page 12)
  16. IHTM10043
    IHT400: Declaration (pages 12 and 13)
  17. IHTM10044
    IHT400: Checklist (page14)
  18. IHTM10045
    IHT400: Additional information pages (pages 15 and 16)
IHT400: Investigating the deceased’s personal details
  1. IHTM10050
    IHT400: Investigating the deceased’s personal details: Domicile (box 6)
  2. IHTM10051
    IHT400: Investigating the deceased’s personal details: Surviving spouse or civil partner (box 8)
  3. IHTM10052
    IHT400: Investigating the deceased’s personal details: Last known permanent address (boxes 11 and 12)
  4. IHTM10053
    IHT400: Investigating the deceased’s personal details: Nursing and residential homes (box 12)
  5. IHTM10054
    IHT400: Investigating the deceased’s personal details: Occupation (box 13)
  6. IHTM10055
    IHT400: Investigating the deceased’s personal details: Power of attorney (box 16)
  7. IHTM10056
    IHT400: Investigating the deceased’s personal details: Deceased’s Will
IHT400: Investigating the assets on page 6
  1. IHTM10060
    IHT400: Investigating the assets on page 6: Deceased’s residence (box 51)
  2. IHTM10061
    IHT400: Investigating the assets on page 6: Cash (box 53)
  3. IHTM10062
    IHT400: Investigating the assets on page 6: Household and personal goods (box 55)
  4. IHTM10063
    IHT400: Investigating the assets on page 6: Pensions (box 56)
  5. IHTM10064
    IHT400: Investigating the assets on page 6: Life assurance and mortgage protection policies (box 57)
IHT400: Bank and building society accounts (box 52)
  1. IHTM10070
    IHT400: Bank and building society accounts (box 52): What accounts are included?
  2. IHTM10071
    IHT400: Bank and building society accounts (box 52): Investigating values
  3. IHTM10072
    IHT400: Bank and building society accounts (box 52): Valuing entitlements arising from take-overs, mergers and flotations of building societies and other mutual organisations
  4. IHTM10073
    IHT400: Bank and building society accounts (box 52): Valuation of compensation rights on failure of bank or building society
IHT400: Premium Bonds (box 54)
  1. IHTM10081
    IHT400: Premium Bonds (box 54): Investigating values
  2. IHTM10082
    IHT400: Premium Bonds (box 54): When to include prizes
IHT400: National Savings investments (box 54)
  1. IHTM10091
    IHT400: National Savings investments (box 54): Investments to be included in estate
  2. IHTM10092
    IHT400: National Savings investments (box 54): Investigating values
IHT400: Investigating the assets on page 7
  1. IHTM10101
    IHT400: Investigating the assets on page 7: Stocks and shares (boxes 62 to 67)
  2. IHTM10102
    IHT400: Investigating the assets on page 7: Farms, farmhouses and farmland (box 68)
  3. IHTM10103
    IHT400: Investigating the assets on page 7: Businesses including farm businesses and timber (box 69)
  4. IHTM10104
    IHT400: Investigating the assets on page 7: Other land, buildings and rights over land (box 70)
  5. IHTM10105
    IHT400: Investigating the assets on page 7: Interest in another estate (boxes 71 and 72)
  6. IHTM10106
    IHT400: Investigating the assets on page 7: Debts due to the estate (box 73)
  7. IHTM10107
    IHT400: Investigating the assets on page 7: Income Tax or Capital Gains Tax repayment (box 74)
  8. IHTM10108
    IHT400: Investigating the assets on page 7: Trust income due to the deceased (box 75)
IHT400: Other income and assets due to the deceased (box 76)
  1. IHTM10110
    IHT400: Other income and assets due to the deceased (box 76): General
IHT400: Other income due to the deceased (box 76)
  1. IHTM10120
    IHT400: Other income due to the deceased (box 76): General
  2. IHTM10121
    IHT400: Other income due to the deceased (box 76): Barrister's fees
  3. IHTM10122
    IHT400: Other income due to the deceased (box 76): Civil Service pay and pensions
  4. IHTM10123
    IHT400: Other income due to the deceased (box 76): Redundancy payments
  5. IHTM10124
    IHT400: Other income due to the deceased (box 76): Rents due to the deceased
  6. IHTM10125
    IHT400: Other income due to the deceased (box 76): Retrospective pay awards
IHT400: Other assets due to the deceased
  1. IHTM10151
    IHT400: Other assets due to the deceased: General
  2. IHTM10152
    IHT400: Other assets due to the deceased: Interest in expectancy
  3. IHTM10153
    IHT400: Other assets due to the deceased: Private health schemes
  4. IHTM10154
    IHT400: Other assets due to the deceased: Compulsory acquisition of land
  5. IHTM10155
    IHT400: Other assets due to the deceased: Copyrights, royalties, etc.
  6. IHTM10156
    IHT400: Other assets due to the deceased: Damages or claims for damages
  7. IHTM10157
    IHT400: Other assets due to the deceased: Deferred legacies
  8. IHTM10158
    IHT400: Other assets due to the deceased: Grants from the Compensation Fund of the Law Society and Scottish Solicitors' Guarantee Fund
  9. IHTM10159
    IHT400: Other assets due to the deceased: Property subject to a binding contract for sale
  10. IHTM10160
    IHT400: Other assets due to the deceased: School composition fees
  11. IHTM10161
    IHT400: Other assets due to the deceased: Council Tax rebanding
IHT400: Certificates of Tax Deposit
  1. IHTM10251
    IHT400: Certificates of Tax Deposit: Introduction
  2. IHTM10252
    IHT400: Certificates of Tax Deposit: Calculating interest
  3. IHTM10253
    IHT400: Certificates of Tax Deposit: Valuing for IHT purposes
IHT400: Compensation payments
  1. IHTM10261
    IHT400: Compensation payments: Compensation for discrimination
  2. IHTM10262
    IHT400: Compensation payments: Compensation for Holocaust victims
  3. IHTM10263
    IHT400: Compensation payments: Compensation for personal injuries on death
  4. IHTM10264
    IHT400: Compensation payments: Compensation payments under the Law Reform (Miscellaneous Provisions) Act 1934
  5. IHTM10265
    IHT400: Compensation payments: Compensation under the Fatal Accidents and National Insurance (Industrial Injuries) Acts
  6. IHTM10266
    IHT400: Compensation payments: Ex gratia payments for Tort committed by a member of the Armed Forces of the Crown or the United States' Forces
  7. IHTM10267
    IHT400: Compensation payments: Ex gratia compensation payments made by the Criminal Injuries Compensation Board
  8. IHTM10268
    IHT400: Compensation payments: Payments under Damages (Scotland) Act 1976
  9. IHTM10269
    IHT400: Compensation payments: Compensation for industrial injuries to coal miners
  10. IHTM10270
    IHT400: Compensation payments: Compensation payments under the NHS Health Care Scheme
  11. IHTM10271
    IHT400: Compensation payments: Equitable Life Compensation Payments
IHT400: Legal rights (Scotland)
  1. IHTM10300
    IHT400: Legal rights (Scotland): Introduction
  2. IHTM10301
    IHT400: Legal rights (Scotland): Valuation under the general law
  3. IHTM10302
    IHT400: Legal rights (Scotland): Valuing legal rights as an asset of the estate
  4. IHTM10303
    IHT400: Legal rights (Scotland): Valuing legal rights as a debt of the estate
  5. IHTM10304
    IHT400: Legal rights (Scotland): For IHT purposes
  6. IHTM10305
    IHT400: Legal rights (Scotland): Interest on legal rights
IHT400: Share options
  1. IHTM10351
    IHT400: Share options: What are share options?
  2. IHTM10352
    IHT400: Share options: Pure share option schemes
  3. IHTM10353
    IHT400: Share options: SAYE share option schemes
IHT400: Deductions from the estate
  1. IHTM10361
    IHT400: Deductions from the estate: Introduction
  2. IHTM10362
    IHT400: Deductions from the estate: Where to find instructions about specific types of debt
  3. IHTM10365
    IHT400: Deductions from the estate: Mortgages and secured loans (box 80)
IHT400: Funeral expenses (box 81)
  1. IHTM10371
    IHT400: Funeral expenses (box 81): Introduction and general approach
  2. IHTM10372
    IHT400: Funeral expenses (box 81): Flowers
  3. IHTM10373
    IHT400: Funeral expenses (box 81): Gravestones and memorials
  4. IHTM10374
    IHT400: Funeral expenses (box 81): Memorial services
  5. IHTM10375
    IHT400: Funeral expenses (box 81): Mourning expenses
  6. IHTM10376
    IHT400: Funeral expenses (box 81): Overseas funerals of non-domiciled deceased
  7. IHTM10377
    IHT400: Funeral expenses (box 81): Refreshments
  8. IHTM10378
    IHT400: Funeral expenses (box 81): Transport and embalming costs
  9. IHTM10379
    IHT400: Funeral expenses (box 81): Travelling and accommodation expenses
IHT400: Other deductions from the chargeable estate
  1. IHTM10390
    IHT400: Other deductions from the chargeable estate: Dealing with deficits
  2. IHTM10400
    IHT400: Other deductions from the chargeable estate: Exemptions and reliefs
IHT400: Checking the declaration (box 119)
  1. IHTM10461
    IHT400: Checking the declaration (box 119): Grant of representation
  2. IHTM10462
    IHT400: Checking the declaration (box 119): Supplementary Schedules
  3. IHTM10463
    IHT400: Checking the declaration (box 119): Estimated values
  4. IHTM10464
    IHT400: Checking the declaration (box 119): Personal representatives
IHT400: Reduced account
  1. IHTM10471
    IHT400: Reduced account: Purpose
  2. IHTM10472
    IHT400: Reduced account: Conditions
  3. IHTM10473
    IHT400: Reduced account: What supplementary pages may be left out
  4. IHTM10474
    IHT400: Reduced account: When may a value be estimated?
  5. IHTM10475
    IHT400: Reduced account: Dealing with a reduced account
  6. IHTM10476
    IHT400: Reduced account: Incorrect delivery of a reduced account
  7. IHTM10477
    IHT400: Reduced account: Penalties for incorrect delivery of a reduced account
  8. IHTM10478
    IHT400: Reduced account: Effect of instrument of variation
  9. IHTM10479
    IHT400: Reduced account: Replacing estimated values of property now chargeable
IHT100 (2003 onwards)
  1. IHTM10650
    IHT100 (2003 onwards): Introduction
  2. IHTM10651
    IHT100 (2003 onwards): When to use IHT100
  3. IHTM10652
    IHT100 (2003 onwards): When not to use IHT100
  4. IHTM10653
    IHT100 (2003 onwards): Section A - About the Chargeable event
  5. IHTM10654
    IHT100 (2003 onwards): Section B - About the transferor/settlement
  6. IHTM10655
    IHT100 (2003 onwards): Section C - Person we should contact
  7. IHTM10656
    IHT100 (2003 onwards): Section D - Supplementary pages
  8. IHTM10657
    IHT100 (2003 onwards): Section E - Assets in the UK where tax may not be paid by instalments
  9. IHTM10658
    IHT100 (2003 onwards): Section F - Assets in the UK where tax may be paid by instalments
  10. IHTM10659
    IHT100 (2003 onwards): Section G - Summary of the chargeable event
  11. IHTM10660
    IHT100 (2003 onwards): Section H - Working out the tax
  12. IHTM10661
    IHT100 (2003 onwards): Section J - Authority for repayment of inheritance tax
  13. IHTM10662
    IHT100 (2003 onwards): Section K - Declaration
IHT100 (2003 onwards): Event form
  1. IHTM10665
    IHT100 (2003 onwards): Event form: IHT100a - Gifts and other transfers of value including failed potentially exempt transfers
  2. IHTM10666
    IHT100 (2003 onwards): Event form: IHT100b - Ending of an interest in possession in settled property
  3. IHTM10667
    IHT100 (2003 onwards): Event form: IHT100c - Assets in a discretionary trust ceasing to be relevant property (proportionate charge)
  4. IHTM10668
    IHT100 (2003 onwards): Event form: IHT100d - Discretionary trust ten-year anniversary (principle charge)
  5. IHTM10669
    IHT100 (2003 onwards): Event form: IHT100e - Assets ceasing to be held on special trusts (flat rate charge)
  6. IHTM10670
    IHT100 (2003 onwards): Event form: IHT100f - Cessation of conditional exemption and disposal of trees or underwood (recapture charge)
IHT100 (2003 onwards): Investigating Event Form
  1. IHTM10675
    IHT100 (2003 onwards): Investigating event form: IHT100a - Gifts and other transfers of value including failed potentially exempt transfers
  2. IHTM10676
    IHT100 (2003 onwards): Investigating event form: IHT100b - Ending of an interest in possession in settled property
  3. IHTM10677
    IHT100 (2003 onwards): Investigating event form: IHT100c - Assets in a discretionary trust ceasing to be relevant property (proportionate charge)
  4. IHTM10678
    IHT100 (2003 onwards): Investigating event form: IHT100d - Discretionary trust ten-year anniversary (principle charge)
  5. IHTM10679
    IHT100 (2003 onwards): Investigating event form: IHT100e - Assets ceasing to be held on special trusts (flat rate charge)
  6. IHTM10680
    IHT100 (2003 onwards): Investigating event form: IHT100f - Cessation of conditional exemption and disposal of trees or underwood (recapture charge)
IHT100 (2003 onwards): Investigating supplementary form
  1. IHTM10685
    IHT100 (2003 onwards): Investigating supplementary form: D31 - Domicile outside the United Kingdom
  2. IHTM10686
    IHT100 (2003 onwards): Investigating supplementary form: D32 - Stocks and shares
  3. IHTM10687
    IHT100 (2003 onwards): Investigating supplementary form: D33 - Debts due to the settlement
  4. IHTM10688
    IHT100 (2003 onwards): Investigating supplementary form: D34 - Insurance
  5. IHTM10689
    IHT100 (2003 onwards): Investigating supplementary form: D35 - Household and personal goods
  6. IHTM10690
    IHT100 (2003 onwards): Investigating supplementary form: D36 - Land and buildings - interests in land - trees or underwood
  7. IHTM10691
    IHT100 (2003 onwards): Investigating supplementary form: D37 - Agricultural relief
  8. IHTM10692
    IHT100 (2003 onwards): Investigating supplementary form: D38 - Business relief
  9. IHTM10693
    IHT100 (2003 onwards): Investigating supplementary form: D39 - Foreign assets
  10. IHTM10694
    IHT100 (2003 onwards): Investigating supplementary form: D40 - Other information
Corrective account (C4) England, Wales and Northern Ireland
  1. IHTM10701
    Corrective account (C4) England, Wales and Northern Ireland: Introduction
  2. IHTM10702
    Corrective account (C4) England, Wales and Northern Ireland: When is an account required (England, Wales and Northern Ireland)?
  3. IHTM10703
    Corrective account (C4) England, Wales and Northern Ireland: Who should complete and sign the account?
  4. IHTM10704
    Corrective account (C4) England, Wales and Northern Ireland: Page 1
  5. IHTM10705
    Corrective account (C4) England, Wales and Northern Ireland: Pages 2 and 3
  6. IHTM10706
    Corrective account (C4) England, Wales and Northern Ireland: Page 4
Corrective account C4(S) Scotland
  1. IHTM10751
    Corrective account (C4) Scotland: When is an account required (Scotland)?
  2. IHTM10752
    Corrective account (C4) Scotland: Who should complete and sign the account?
  3. IHTM10753
    Corrective account (C4) Scotland: Page 1
  4. IHTM10754
    Corrective account (C4) Scotland: Pages 2 and 3
  5. IHTM10755
    Corrective account (C4) Scotland: Page 4
  6. IHTM10756
    Corrective account (C4) Scotland: What to do when you receive a corrective account
Accountability
  1. IHTM10801
    Accountability: Introduction
  2. IHTM10802
    Accountability: What is to be included in an account?
  3. IHTM10803
    Accountability: Time limits
  4. IHTM10804
    Accountability: When is an account not required?
  5. IHTM10805
    Accountability: Corrective accounts
  6. IHTM10840
    Accountability: Recapture charges for heritage property and woodlands
  7. IHTM10850
    Accountability: Instruments of variation
Accountability: Transfers on death
  1. IHTM10811
    Accountability: Transfers on death: General rule
  2. IHTM10812
    Accountability: Transfers on death: 'Appropriate property'
  3. IHTM10813
    Accountability: Transfers on death: Use of estimated values
  4. IHTM10814
    Accountability: Transfers on death: No grant of representation or confirmation
Accountability: Lifetime transfers
  1. IHTM10821
    Accountability: Lifetime transfers: Potentially exempt transfers (PETs)
  2. IHTM10822
    Accountability: Lifetime transfers: Transfers that are chargeable when made
  3. IHTM10823
    Accountability: Lifetime transfers: Excepted transfers
  4. IHTM10824
    Accountability: Lifetime transfers: Gift with reservation (GWR)
Accountability: Settled property
  1. IHTM10831
    Accountability: Settled property: General rules on accountability when there is a qualifying interest in possession
  2. IHTM10832
    Accountability: Settled property: Transfers on death
  3. IHTM10833
    Accountability: Settled property: Lifetime transfers
  4. IHTM10834
    Accountability: Settled property: Excepted terminations
  5. IHTM10835
    Accountability: Settled property: Discharge for an excepted termination
  6. IHTM10836
    Accountability: Settled property: Relevant property settlements, including maintenance funds
  7. IHTM10840
    Accountability: Recapture charges for heritage property and woodlands
  8. IHTM10850
    Accountability: Instruments of variation