Reduced account: what supplementary pages may be left out
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
All questions on pages 4 and 5 of the IHT400 must be answered in all cases. If any of questions 29, 30, 31,36, 44,or 45 are answered ‘Yes’, the relevant Schedule must be completed.
If any of the other questions are answered ‘Yes’ the relevant supplementary page does not need to be completed if all the property concerned passes to an exempt beneficiary.
But this does mean that where a percentage or fractional share of residue is left to an exempt beneficiary a full account must still be delivered as all the assets should be divided between the residuary beneficiaries. On the other hand if the Will bequeaths a nil-rate band legacy to chargeable beneficiaries with the residue left to an exempt beneficiary, a reduced account may be delivered for the assets that devolve upon the exempt beneficiary.