Which statements (savings accounts, ISA, shares, etc) should be sent with IHT400?

itm2

My mother's estate included an S&S ISA, a few shares, NS&I accounts and alot of savings accounts. I've completed the relevant IHT forms (406 & 411), but wasn't planning on sending paper statements for each account to HMRC as they don't explicitly require it. Is that a safe assumption? 

JGB1955

There is no need to provide any supporting documents - you're going to be making a declaration that the figures are correct and HMRC aren't likely to challenge that.

itm2

OK thanks. I guess it's the probate office that'll be doing the forensics

bobster2

itm2 said:

OK thanks. I guess it's the probate office that'll be doing the forensics

No - the Probate office don't do forensic accounting.

It's HMRC who will investigate if they have queries about the valuation of an estate for inheritance tax purposes.

Keep_pedalling

bobster2 said:

itm2 said:

OK thanks. I guess it's the probate office that'll be doing the forensics

No - the Probate office don't do forensic accounting.

It's HMRC who will investigate if they have queries about the valuation of an estate for inheritance tax purposes.

HMRC only investigate a tiny number of estates, the vast majority go through on the nod.

bobster2

Keep_pedalling said:

bobster2 said:

itm2 said:

OK thanks. I guess it's the probate office that'll be doing the forensics

No - the Probate office don't do forensic accounting.

It's HMRC who will investigate if they have queries about the valuation of an estate for inheritance tax purposes.

HMRC only investigate a tiny number of estates, the vast majority go through on the nod.

Yes - absolutely. And it's most likely to involve querying the value of an asset (e.g. classic car or boat) - rather than trawling through bank statements.

Just wanted to emphasise it's not the Probate office who would do it.

itm2

Thanks for the feedback. No classic cars or boats in my Mum's estate, sadly. She did have some vintage jars of pickle and mustard though....