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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

Investigating the assets on page 6: Cash (box 53)

Any cash that is not held at a bank should be shown in box 53 on the IHT400. This will include

  • any cash held by the deceased or kept at home or elsewhere such as a safe deposit box
  • cash held for the deceased by someone else, for example, a stockbroker
  • travellers cheques
  • any uncashed cheques made out to the deceased.

Sterling travellers’ cheques should be included at face value. If the travellers’ cheques are in a foreign currency they should be converted into sterling using the London Buying Rate at the date of death. This can be obtained from SAV (Foreign).