Under IHT Threshold - PA1P and IHT Questions

JamieKendal

Good afternoon, my father recently passed and I am trying to fill in PA1P for his estate. There is no IHT due. I'm just doing a practice run before applying online. 

I am having a little bit of trouble filling in question 7: Inheritance Tax, (7.6, 7.7 & 7.8) regarding additional forms IHT400, IHT207, IHT421

IHT207 for those with permanent residence abroad. IHT400 for those over the £325,000 and/or using Residence Nil Rate Band, which we do not need to do. 

Does everyone applying for probate need to fill in IHT421 and send off to HMRC? 

Plus, do both executors need to be named as applicants on PA1P? As it may be difficult for my brother to take time off work.

Thank you for you help. 

Keep_pedalling

If you don’t need to claim the RNRB then it is an exempt estate and you don’t need to do an IHT return.

JamieKendal

Keep_pedalling said:

If you don’t need to claim the RNRB then it is an exempt estate and you don’t need to do an IHT return.

Hi Keep_pedalling, it made me smile when I saw you'd replied. I've been viewing this forum for some time and you are always very helpful. So a big thank you. 

I have just seen on PA1P that I do not need to fill in questions 7.6, 7.7 & 7.8 - it says to go to Section 9. Legal Statement. 

polar_pig

Your brother has to be named as executor on the application, but you can state that he won't be dealing with the estate (power reserved ). Get his agreement beforehand and you must inform him in writing that you are applying for probate. This leaves you to administer the estate alone when probate is granted. If something drastic later prevented you from completing the task,  he could take over by applying.

JamieKendal

polar_pig said:

Your brother has to be named as executor on the application, but you can state that he won't be dealing with the estate (power reserved ). Get his agreement beforehand and you must inform him in writing that you are applying for probate. This leaves you to administer the estate alone when probate is granted. If something drastic later prevented you from completing the task,  he could take over by applying.

Many thanks - this info may prove to be very useful.