Get Iht411 2022-2024

If Inheritance Tax is due or full details are needed. You must report the value of the estate to HM Revenue and Customs ( HMRC ) by completing form IHT400.

To claim the RNRB, the executor of the estate will need to complete the IHT400 form and the IHT421 form.

If you send anything else with your cheque, your payment might be delayed. For more information, go to .gov.uk/inheritance-tax or you can phone the Inheritance Tax Helpline on 0300 123 1072.

Use the IHT406 with form IHT400 to give details of any National Savings and Investments, Premium Bonds, bank or building society accounts that the deceased held in their sole name that were in credit at the date of death.

The relevant value is the market value of all the deceased's shares on the day they passed away. These can be found in the financial sections of a newspaper or its website the day after their death.

For most estates there is no tax to pay and you will only need to fill in form IHT205 to give brief details of the estate. If there is tax to pay, or if the affairs of the deceased do not meet certain conditions, you will have to provide a formal account of the estate by filling in form IHT400 and sending it to us.

Use the IHT404 with form IHT400 to give details of all UK assets the deceased owned jointly with another person.

IHT is charged on anything above the value of what is known as the nil-rate band, which for the 2023/24 tax year is set at £325,000.