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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Procedures: types of debt reported on form IHT416

  • Debts due to the deceased and secured by mortgage. These could include any money lent by the deceased to someone, which was secured by a mortgage (IHTM04029) that had not been repaid before they died.
  • money that the deceased had lent personally to someone else that had not been repaid at the date of death
  • money linked to a life insurance policy held in trust, and lent to the trustees (IHTM20501)
  • money for which the deceased held a promissory note.
  • money for which the deceased held an ‘IOU’
  • money owing to the deceased from a director’s loan account (IHTM18271) or current account with a company.