Grant of Confirmation

buddy9

Wenlock_the_terrible said:

Thanks to all of you that have shared knowledge on this and other threads in helping with the completion of the C1 confirmation form.

I am completing the inventory of my fathers investments. He held investments through UK investment platforms and one such fund is listed on the NYSE Arca exchange (US).

Should this be listed as “Personnal estate in England and Wales”, since that is where the investment platform is based or “Estate Elsewhere” ?

Some of his other investments are in funds that are incorporated and in custody overseas, principally Ireland, so should these also be listed under “Estate Elsewhere”?

Thanks

My understanding is that funds held by companies registered in England or Wales should be listed under ‘personal estate in England and Wales’.

Funds held by companies registered outside the UK (foreign) are listed under ‘estate elsewhere’. In the inventory summary, list the estate total outside the UK in ‘estate elsewhere’. Itemise the estate outwith the UK below the summary with the appropriate heading of the country in which the estate is situated. Foreign estate is not confirmable and the description and value are shown in the second column - the value does not show in the fourth column.

While not confirmable, the value of the foreign estate is included in the estate IHT calculations in page 5.

An estate which includes foreign estate in excess of £100,000 is not an excepted estate.