IHT400 Notes : Guide to completing your Inheritance Tax account

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IHT400 Notes Guide to completing your Inheritance Tax account We have a range of services for people with disabilities, including guidance in Braille, audio and large print. For details please phone our helpline on 0845 30 20 900. Ffoniwch 0845 302 1489 i dderbyn fersiynau Cymraeg o ffurflenni a chanllawiau.
Contents Introduction IHT400 Notes What is in this guide? 1 What we have sent you 1 When you may not need to fill in form IHT400 1 Grants of representation When form IHT400 need not be filled 4 in completely Delivering a reduced account when there is 4 no tax to pay 5 Death on active service What do I need to fill in if I can send a 5 reduced form IHT400? 6 Changes to the administration of an estate 7 Inheritance Tax and the grant 7 Wartime compensation payments 7 When must I send in the form? 8 Who to contact and why 8 What values to include 9 Documents you must keep Getting started – how to fill in your 9 Inheritance Tax account 9 Instruments of variation 9 Filling in form IHT400 (pages 1 to 5) Deceased's details, pages 1 and 2 10 If the deceased was domiciled in Scotland at the date of death, page 2 11 Contact details of the person dealing with the estate, page 3 11 Authority for repayment of Inheritance Tax, page 3 12 What makes up your Inheritance Tax account – schedules, pages 4 and 5 12 Definition of a disabled person 16 Filling in the schedules Introduction 18 Schedule IHT403 Gifts and other transfers of value 18 Schedule IHT404 Jointly owned assets 23 Schedule IHT407 Household and personal goods 26 Guide to completing your Inheritance Tax account Schedule IHT408 Household and personal goods donated to charity 26 Schedule IHT409 Pensions 27 Schedule IHT411 Listed stocks and shares 31 Schedule IHT412 Unlisted stocks and shares, and control holdings 32 Schedule IHT413 Business and partnership interests and assets 34 Schedule IHT414 Agricultural Relief 37 Schedule IHT418 Assets held in trust 39 Schedule IHT420 National Heritage assets — Conditional Exemption and maintenance funds 40 Filling in form IHT400 (pages 6 to 16) Assets on which tax may or may not be paid by instalments 43 Jointly owned assets, page 6 Assets owned outright by the deceased, 43 pages 6 and 7 Deductions from the estate incurred up to 43 the date of death, pages 8 and 9 49 Dealing with a deficit, page 9 50 Exemptions and reliefs, page 9 50 Exemptions and reliefs, page 10 Other assets taken into account to 51 calculate the tax, page 10 52 Working out the Inheritance Tax, page 11 52 Reduced rate of Inheritance Tax 52 Paying Inheritance Tax by instalments 53 Interest-free instalments 54 Instalments of tax 54 Simple Inheritance Tax calculation 54 Direct Payment Scheme 54 Declaration, page 12 55
Page 1: Guide to completing your Inheritanc
Page 5 and 6: IHT400 Notes Guide to completing yo
Page 7 and 8: A This guide will help you fill in
Page 9 and 10: A Legitim IHT400 Notes Under Scotti
Page 11 and 12: IHT400 Notes Delivering a reduced a
Page 13 and 14: Changes to the administration of an
Page 15 and 16: IHT400 Notes What values to include
Page 17 and 18: If the deceased was domiciled in Sc
Page 19 and 20: IHT400 Notes 31 32 36 Guide to comp
Page 25 and 26: Value of gifts Who pays the Inherit
Page 27 and 28: IHT400 Notes Gifts with reservation
Page 29 and 30: IHT400 Notes Gifts made as part of
Page 31 and 32: IHT400 Notes The other joint owner
Page 33 and 34: Registered or non-registered pensio
Page 35 and 36: IHT400 Notes Contributions to a pen
Page 37 and 38: IHT400 Notes Dividends and interest
Page 39 and 40: Traded unlisted stocks and shares U
Page 41 and 42: Rate of relief table IHT400 Notes G
Page 43 and 44: When is Agricultural Relief availab
Page 45 and 46: Agricultural Relief and lifetime tr
Page 47 and 48: IHT400 Notes What items qualify for
Page 49 and 50: Assets on which tax may or may not
Page 51 and 52: IHT400 Notes 55 56 57 62 Guide to c
Page 53 and 54:
IHT400 Notes 68 69 70 Guide to comp
Page 55 and 56:
Deductions from the estate incurred
Page 57 and 58:
Exemptions and reliefs, page 10 IHT
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IHT400 Notes Paying Inheritance Tax
Page 61 and 62:
Declaration, page 12 IHT400 Notes 1
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IHT400 Notes The Inheritance Tax on
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IHT400 Notes Applying for a grant i
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IHT400 Notes Applying for a grant i
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Payment in advance Electronic trans
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What value to use Estimating a valu
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Stock Exchange markings National Sa
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IHT400 Notes Guide to completing yo
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Lloyd's Underwriters Valuing money
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Qualifying charities Gifts for nati
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IHT400 feedback form 1 How much of
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IHT400 Notes DX addresses have been
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IHT400 Notes : Guide to completing your Inheritance Tax account

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