Executors expenses

voip03

I would like to know if I can claim the executor’s expenses in the probate inheritance tax form, or where else I can claim it.

xylophone

https://www.finalduties.co.uk/what-is-an-executors-expense/
You declare the assets at  their value at date of death as required by HMRC. Follow the guidance notes.
If you have to pay certain amounts before probate, you make them from your own pocket. Keep notes and receipts.
Once you have probate and have collected  the estate monies into the executor's account, you can pay yourself from this account, making sure to keep accurate records for the purpose of compiling the estate accounts. 

SevenOfNine

We did exactly as xylophone has described.  I put together a simple spreadsheet with all receipts kept in date order & logged there, kept it separate from the estate accounts of income/expenditure.  Reclaimed it once 'distribution' stage was reached & put it as executor's expenses on the estate accounts as one lump sum. Residual beneficiaries were given a copy of the estate accounts & the executor's expense sheet & invited to come round to inspect all the supporting paperwork if they wished.

Transparency is the key to keeping everyone quiet & happy when sorting out an estate.

Skiddaw1

I did exactly the same. As @SevenOfNine says, transparency is the key. Just keep accurate records and all should be well.

badmemory

Exactly the same here.  As I had been runninig a POA from which I was paying out various stuff & refunding other people for things they had bought it was just a case of the last line of the POA spreadsheet became the first line of the probate spreadsheet.  I just used to email the spreadsheet whenever there was a significant change.  Although because there were only 2 of us & we knew for certain there were no debts & so no need to advertise (because of the POA) as money came in I would just transfer £10k over & to me & the change went in a holding account & just split that at the end.  But that way she knew exactly what she'd had & what was still to come.  All done within 3 months.  We all have our ways of coping, getting this sorted was mine & decluttering was my sisters.

I know a lot of people struggle dealing with these things.  That could well explain why I have some of mother's stuff in the porch, behind the TV, under the dining table, you get the picture?  It is only 4.5 years after all!

Keep_pedalling

voip03 said:

I would like to know if I can claim the executor’s expenses in the probate inheritance tax form, or where else I can claim it.

If you mean as a cost to reduce IHT, no you can’t.