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HMRC internal manual

Inheritance Tax Manual

Life Policies: investigating form IHT410: if the answer to Question 4 is Yes

In this instance the deceased will benefit from the policy when another person dies. In many cases the policy will have been bought ‘second hand’.

Details of the deceased’s interest in the policy, as provided by the insurance company, should be given and a copy of the insurance policy provided. Once these are available, refer the matter to the Actuarial Team. They will advise you what should be accepted or what queries should be raised (IHTM20231).