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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Deceased persons: form 920

Note

The guidance relating to processes on this page of the TSEM is suspended for the time being as it is under review. This is due to recent changes made to the form R27 and other process changes introduced by the bereavement project. If you have been given other local instructions on the process to follow please refer to these.

Information required

The form 920 asks the personal representatives to provide the following information

  • the net value of the estate
  • whether the personal representatives are likely to have any tax liabilities during the period of administration
  • whether the personal representatives are likely to have total taxable income in excess of £50,000 - if they do it is likely that the tax they will have to pay will exceed £10,000
  • whether the proceeds of sale of any assets from the estate in any one tax year are likely to exceed £250,000
  • whether any trusts have been set up, either under the terms of the deceased person’s will or under the rules of intestacy.

Ascertain responsible office

The information provided on form 920 will enable you to determine which office is responsible for any tax liability arising during the administration period using the guidance at TSEM7366.

When to issue a form 920

Issue the form 920 (TSEM7214) if the following circumstances apply:

  • the deceased had untaxed income in excess of £2,000 in the last full tax year from a source that is likely to continue after the date of death, or
  • the deceased’s total investment income (whether taxed or untaxed) was in excess of £10,000 in the last full tax year
  • you do not have a completed form R27.