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

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Owner-Managed Businesses

Residential property and capital allowances

Residential property and capital allowancesResidential property ― plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a

14 Jul 2020 17:14 | Produced by Tolley in association with Martin Wilson and Steven Bone Read more

Owner-Managed Businesses

Bad debts

Bad debtsBad debts usually arise where goods or services have been provided to a customer, for which payment has not been received within a reasonable or specified time period, or for which the customer is unable to pay. It is necessary to determine the quantum of relief that can be claimed for bad

14 Jul 2020 15:34 | Produced by Tolley Read more

Trusts and Inheritance Tax

Payments to trust beneficiaries

Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not

14 Jul 2020 12:52 | Produced by Tolley Read more

��Ӱ��