IHT 402

Diver57

I am preparing to complete my late mothers tax affairs. 

As her estate is around £350k we would like to make use of my late fathers TNRB. He died in 1991 and as far as I can find there are no records of probate for him but I do have a copy of his will.

IHT 402 seems fairly straightforward. However, box 7 asks for the net value of his estate passing under his will. How am you supposed to calculate this nearly 32 years after his death?

Any suggestions?

poppystar

I don’t think you need to fill in any IHT forms as if everything from your father passed to your mother this would make it an excepted estate with an allowance of £650k 


https://www.gov.uk/valuing-estate-of-someone-who-died/check-type-of-estate

you will need to scroll down the page to the definition of excepted estates

Keep_pedalling

You only need to complete an IHT return if you need to use a residencal NRB.