IHT400 supplementary pages

Produced by a Tolley Trusts and Inheritance Tax expert

Trusts and Inheritance Tax

Guidance

Once you have made a start on completing the main form of the IHT400, you will have identified which supplementary pages you need. See the IHT400 ― inheritance tax account guidance note. HMRC guidance on how to complete the supplementary pages is provided on the forms themselves. In addition, some of the schedules are explained in more detail in the guide (IHT400 notes). This guidance note provides selective advice on dealing with some of the less obvious points of presentation when completing the schedules.

IHT402: claim to transfer unused nil rate band

Where the deceased has survived more than one spouse or civil partner, you must fill in one form IHT402 for each of them. Treat each on a stand-alone basis to calculate the transferable nil rate band entered in box 20. Add together the box 20 figures from each form to arrive at the total transferable nil rate band, to be transferred to the IHT calculation at box 114 on the main form or box 2 on the IHT400 Calculation. The maximum transferable

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL

Popular Articles

Corporation Tax

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more

Personal Tax

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more

Personal Tax

Enterprise management incentive schemes

Enterprise management incentive schemesWhat is an enterprise management incentive (EMI) scheme?The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet certain conditions. It is designed to assist

14 Jul 2020 11:36 | Produced by Tolley Read more

��Ӱ��