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Various refunds to estate
BlueJuly
Posts: 39 Forumite
Quick question on behalf of a dear friend.
He's got refunds for car insurance, breakdown cover, TV licence and broadband subscription.
Where does he add/declare them for iht ?
Thanks.
He's got refunds for car insurance, breakdown cover, TV licence and broadband subscription.
Where does he add/declare them for iht ?
Thanks.
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Comments
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He's got the refund personally, or the estate has got a refund and he's received the refund as executor?BlueJuly said:Quick question on behalf of a dear friend.
He's got refunds for car insurance, breakdown cover, TV licence and broadband subscription.
Where does he add/declare them for iht ?
Thanks.
Is IHT actually payable on the estate?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
IHT is definitely due on the estate.
The refunds were sent as cheques in his name.0 -
They would go down as debts owed to the estate, so schedule IHT416 will be required.0
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Currently ploughing through this myself. I think IHT416 is for formal loans. Things like refunds from utilities etc. go down in box 76 of IHT400. It's on page 49 of the Guide.
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Yes, having just looked at IHT416 I have to agree with that.Spacie22 said:Currently ploughing through this myself. I think IHT416 is for formal loans. Things like refunds from utilities etc. go down in box 76 of IHT400. It's on page 49 of the Guide.0 -
Thank you, I'll pass it on0
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Was asking if the refund from Self Assessment (for the deceased) is also recorded in the same box.
Is he correct?0
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