Premium Bonds and IHT400 form

When entering the details of bond holdings one is asked to list the bonds along with their numbers.  I am dealing with £46,000 worth of bonds held in about 110 groups (reinvested prizes etc.)
I presume that they don't expect us to list them all on the form? 
Please has anyone had a similar experience?  My instinct is to attach the NSI list of holdings as a printout.

Comments

  • poppystar
    poppystar Posts: 1,260
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    I’m pretty sure that is what I did. No way did I want to type out three A4 pages of numbers! Copying the list also shows that they are the bonds of the deceased. 

  • Mothman
    Mothman Posts: 264
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    When sorting my late mother's estate I also just printed out the list of holdings from the NS&I website and attached it to the form. The return went through without query.
  • It's worth noting also that, if you hold onto the premium bonds for a maximum of 12 months after death, any prizes need to be declared. Although they are tax-free, it does alter the valuation of the estate. That is at any rate my understanding of the position following a conversation I had with HMRC last week. 
  • mark1956
    mark1956 Posts: 9
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    It's worth noting also that, if you hold onto the premium bonds for a maximum of 12 months after death, any prizes need to be declared. Although they are tax-free, it does alter the valuation of the estate. That is at any rate my understanding of the position following a conversation I had with HMRC last week. 
    Are you sure about that? surely IHT is based on the value of the estate on the date of death, how can that include estate income after death? Estate income after death is subject to income tax (with no personal allowance). My question is 'do premium bond prizes won by the estate remain free of income tax?'  I cant find an answer online. It would be an interesting question if the estate wins one of the big prizes!
  • Keep_pedalling
    Keep_pedalling Posts: 16,213
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    It's worth noting also that, if you hold onto the premium bonds for a maximum of 12 months after death, any prizes need to be declared. Although they are tax-free, it does alter the valuation of the estate. That is at any rate my understanding of the position following a conversation I had with HMRC last week. 
    Not correct, the estate is valued at time of death, anything coming into the estate (apart from repaid debts) is classed as income but PB prizes are not subject to income tax so nothing to declare on wins in those 12 months.
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