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How long to keep deceased's paperwork?



Comments
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I think that HMRC can come back to you at ANY time, though "others"/you have 6 years. Thin it all down and keep the essentials1
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No need to hold on to any of the 13+ year old paperwork. It is unlikely that you will have to go back to the more recent paperwork, but I would hold on to anything under 6 years old just in case or make some digital copies before spreading them.1
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For IHT I was assuming 7 years until I read this on gov.uk
Records
You must keep certain records after you value an estate.
HM Revenue and Customs (HMRC) can ask to see your records up to 20 years after Inheritance Tax is paid.
You must keep copies of any:
- will
- copies of signed Inheritance Tax forms and supporting documents
- records showing how you worked out the value of assets in the estate, for example an estate agent’s valuation
- documents showing any unused Inheritance Tax threshold that can be transferred to a surviving spouse or civil partner
- final accounts
How to value an estate for Inheritance Tax and report its value: Records - GOV.UK (www.gov.uk)0 -
Runner_Duck said:For IHT I was assuming 7 years until I read this on gov.uk
Records
You must keep certain records after you value an estate.
HM Revenue and Customs (HMRC) can ask to see your records up to 20 years after Inheritance Tax is paid.
You must keep copies of any:
- will
- copies of signed Inheritance Tax forms and supporting documents
- records showing how you worked out the value of assets in the estate, for example an estate agent’s valuation
- documents showing any unused Inheritance Tax threshold that can be transferred to a surviving spouse or civil partner
- final accounts
How to value an estate for Inheritance Tax and report its value: Records - GOV.UK (www.gov.uk)Crikey! But why the obligation to keep the signed IHT forms? Surely they were submitted to HMRC so can't they be relied on to retain these??
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bobster2 said:Runner_Duck said:For IHT I was assuming 7 years until I read this on gov.uk
Records
You must keep certain records after you value an estate.
HM Revenue and Customs (HMRC) can ask to see your records up to 20 years after Inheritance Tax is paid.
You must keep copies of any:
- will
- copies of signed Inheritance Tax forms and supporting documents
- records showing how you worked out the value of assets in the estate, for example an estate agent’s valuation
- documents showing any unused Inheritance Tax threshold that can be transferred to a surviving spouse or civil partner
- final accounts
How to value an estate for Inheritance Tax and report its value: Records - GOV.UK (www.gov.uk)Crikey! But why the obligation to keep the signed IHT forms? Surely they were submitted to HMRC so can't they be relied on to retain these??0 -
Runner_Duck said:For IHT I was assuming 7 years until I read this on gov.uk
Records
You must keep certain records after you value an estate.
HM Revenue and Customs (HMRC) can ask to see your records up to 20 years after Inheritance Tax is paid.
You must keep copies of any:
- will
- copies of signed Inheritance Tax forms and supporting documents
- records showing how you worked out the value of assets in the estate, for example an estate agent’s valuation
- documents showing any unused Inheritance Tax threshold that can be transferred to a surviving spouse or civil partner
- final accounts
How to value an estate for Inheritance Tax and report its value: Records - GOV.UK (www.gov.uk)0 -
I can see it being potentially relevant if there's a consequence for a survivor's estate (which might be long after the first death), but otherwise it would seem bizarre for HMRC to be asking questions long after everything it settled.
"Paperwork" can just be scanned copies if you want to save space.0
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