IHT435

If the estate (including property left to a child) is valued at £385,000 and so no inheritance tax is due, do I need to complete IHT400 and IHT435 or just IHT435?

Comments

  • poppystar
    poppystar Posts: 1,575 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you needed to complete IHT forms you would need to complete both but do you? Is there a predeceased spouse whose allowance can be transferred? This would give you up to £650k before needing any IHT forms. 
  • Keep_pedalling
    Keep_pedalling Posts: 20,138 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    For any IHT return IHT 400 always has to be completed. Which supplementary forms that need to be filled in depends on the assets held within the estate. 
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