We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Inheritance tax form IHT419 'Liabilities related to an insurance policy'
share_the_good
Posts: 2 Newbie
Hello forum members. I am struggling with what I think is a simple concept. I am completing an IHT400 form for my late Mum, but I can't get my head around a section of IHT419 'Liabilities related to an insurance policy'. Can someone give me a simple example of two of what that might be, please?
I'm probably mentally confusing the item with a couple of assets (one being a life assurance policy) that have given rise to 'chargeable events' on death, but I think I can see where to report those in IHT400 and I'm talking to HMRC about those anyway.
Any assistance appreciated.
I'm probably mentally confusing the item with a couple of assets (one being a life assurance policy) that have given rise to 'chargeable events' on death, but I think I can see where to report those in IHT400 and I'm talking to HMRC about those anyway.
Any assistance appreciated.
0
Comments
-
Hi. For anyone looking in, I've been able to resolve this now ,thank you.0
-
With some Life insurances you can have a loan against the insurance, so you may have a £50,000 whole life policy and take a £10,000 loan against it then it would need to be declared here0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards