Help with letters of admin P1A1 form

bikeman

Can anyone provde an explanation of the values entered in 6.3 and 6.5 below on the Letters of Administration form PA1A. Unfortunately its not obvious to me, I cant find the help explanation referred to in the sidebar for this form and the probate offfice dont answer their phones. Thanks

JGB1955

Does this help?   How to value an estate for Inheritance Tax and report its value: Estimate the estate’s value - GOV.UK (www.gov.uk)

Jon1970

If you use the IHT calculator as posted above it will provide all the figures for both sections for you to transpose.

FYI probate office only answer their phones between 9am-1pm Monday to Friday so they can crack on with the application backlog outside those times. They will answer between 9am-1pm but you'll probably be on hold for 20+ minutes. 

bikeman

I've used the calculator. It doesnt tell me which figures to put in each box.

Jon1970

Yes it does, I have created an example for you using the calculator but with dummy figures (you'll have to input your own).

Section 6.3 of the form can be taken from lines 3,5 & 7 in order (as per the photo of the calculator output picture 1).

Section 6.5 of the form can be taken from lines 3 & 4 in order (as per the photo of the calculator output picture 2).

bikeman

Well I dont know what is going on. This is the result I get.

Also it doesnt seem to have included the Residence Nil Rate Band relief.

poppystar

If you want to claim the residential NRB then you need to complete a full IHT return before you even apply for probate/letters of administration. Probate won’t be granted until the IHT due is paid.

bikeman

Yes I know. My issue is with the IHT calculator

JGB1955

The checker will:

• give you an approximate value of the estate
• help you decide whether any Inheritance Tax is likely to be due or not

The checker does not:

• calculate the amount of Inheritance Tax that’s owed
• tell HMRC about the estate’s final value

bikeman

Yes but I'm obviously using the wrong checker, because it's giving different results from the one Jon1970 posted above.

poppystar

bikeman said:

Yes but I'm obviously using the wrong checker, because it's giving different results from the one Jon1970 posted above.

In what way do they seem to be different to you? They look identical - except of course for the amounts as you have put your values in. So can you explain the problem you see.