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HMRC redesigns and publishes new IHT100 forms

HMRC has redesigned and published the IHT100 suite of forms which are used to report chargeable lifetime transfers by individuals and transfers by trusts. Previously, a reportable transfer would require an IHT100 form and a separate ‘event’ form depending on the nature of the transfer. The forms were not intuitive and were multi-purpose reporting different charges, calculated in different ways, on different bases, for different events. They were ill-suited to reporting the events in a straightforward way.

The IHT100 form itself and the IHT100WS (the worksheet for calculating the tax due) have now been deleted and their content integrated into each of the redesigned event forms. Only an event form now needs to be completed along with any relevant supplementary (D) forms.

Further changes include that the IHT100b form has been split into two; there is now one form for a lifetime termination of a qualifying