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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Liabilities: investigating form IHT419: how to identify and handle S103 FA 1986 debts?

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)

Taxpayers should identify any gifts made to anyone who the deceased owed money to in box 5 of form IHT419, together with details of any loans if they have not been included in box 2 of the IHT419. This should indicate that FA86/S103 may apply.

But even where box 5 is not completed you should look at who the deceased owes money to in box 2 of IHT419 and compare this with the names of the recipients of gifts on form IHT403.