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IHT Form IHT205

sgx2000
sgx2000 Posts: 584 Forumite
Fifth Anniversary 100 Posts Name Dropper
edited 16 February 2022 at 9:02PM in Deaths, funerals & probate
9.2
Deceased left £25,000 
In a joint account with exwife.  Bank have already transfered account to her.
Do I enter joint account £25,000 then enter 12,500 in box 9.1?
How much detail do they want?  Or do thay just need to know that there was an account and the totals?

11.1
how much detail do you have to give
Deceased left 3 banks accounts...
Do I just add the accounts and show the total?
Or
Do I have to list 3 accounts and amount in each?

Surely I dont have to give account numbers etc!!!

Comments

  • sgx2000
    sgx2000 Posts: 584 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Sorry had to edit the original post....(just didnt make sense)..lol
  • Yazmina
    Yazmina Posts: 310 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Which form are you filling in? 
  • sgx2000
    sgx2000 Posts: 584 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    IHT205 Inheritance tax
  • sgx2000
    sgx2000 Posts: 584 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Anyone else filled this in??

    question 9.2
    for the joint account... 

    All ready to fill this in.  Just a little unsure about the level of detail...
  • Yazmina
    Yazmina Posts: 310 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I'd call the helpline. The number is on gov.uk.
  • SeniorSam
    SeniorSam Posts: 1,674 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Do not need IHT205 since January 2022. Instead, just fill in PA1P and its all you need. Send it with the original Will and any Codicil, Death certificate and that's it If you send the IHT 205 it will just delay matters and come back to you.
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
  • buddy9
    buddy9 Posts: 956 Forumite
    Fourth Anniversary 500 Posts Name Dropper Photogenic
    SeniorSam said:
    Do not need IHT205 since January 2022. Instead, just fill in PA1P and its all you need. Send it with the original Will and any Codicil, Death certificate and that's it If you send the IHT 205 it will just delay matters and come back to you.
    IHT205 is stil needed if the death was before 1 January 2022
  • sgx2000
    sgx2000 Posts: 584 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    SeniorSam said:
    Do not need IHT205 since January 2022. Instead, just fill in PA1P and its all you need. Send it with the original Will and any Codicil, Death certificate and that's it If you send the IHT 205 it will just delay matters and come back to you.
    He died just on christmas day 6 days before the new changes....
  • sgx2000
    sgx2000 Posts: 584 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    I completed IHT and Probate online last night...
    About 20 Minutes..
    Online was so much easier.
  • SeniorSam
    SeniorSam Posts: 1,674 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well done.

    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
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