HMRC internal manual

Inheritance Tax Manual

IHTM20021 - Life Policies: investigating form IHT410: introduction to form IHT410

Form IHT410 asks for information from the taxpayer about any life assurance policies and annuities that the deceased had.

Although most situations involving life policies will be notified by the taxpayer by completing form IHT410, you should be aware that some may be notified in an indirect way. You will then need to examine the precise nature of the situation before determining what course of action to take - if in doubt seek advice.

You should also be alert to circumstances which do not seem to fit into any of those described in this section of guidance and which may form new products introduced by the insurance industry as Inheritance Tax avoidance devices. If you suspect that this is the case, refer to the Actuarial Team for advice.

If anywhere on form IHT410 (or anywhere in the form IHT400) you see a reference to Foundation Insurance (Capital Redemptions) Ltd, follow the guidance at (IHTM20061).