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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Nominated property: investigation of nominated property

If a deceased person nominated (IHTM15101) any property during their life, their personal representatives (IHTM05012) should give details of the property on the additional information pages 15 and 16 of the IHT400. The description should give the name of the person who is to receive the property, a description of the property and its value. The value of the nominated property should then be included in box 101 of form IHT400 (IHTM10021).

You should check that any nominated property referred to on supplementary page IHT404 has been properly included in the IHT400 and that any Inheritance Tax due on it has been paid. Otherwise the nominated property should be reviewed like any other property found in the IHT400.

Two aspects which may come up that you should be aware of are nomination of superannuation benefits (IHTM17083) and nomination of Canadian insurance policies (IHTM20611).