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IHT - additional payment ?
JoSoap02
Posts: 32 Forumite
Completed IHT and probate forms to the best of my ability and probate has now been granted. I am the executor. I paid the IHT of £16,000 prior to applying for probate.
On the IHT form however I overestimated an overpayment of pension by DWP as I didn't know the exact figure. I assume DWP will request a payment from the estate for the difference but what happens re IHT ?
Will I automatically be billed for 40% of the difference or do I have to inform them ?
On the IHT form however I overestimated an overpayment of pension by DWP as I didn't know the exact figure. I assume DWP will request a payment from the estate for the difference but what happens re IHT ?
Will I automatically be billed for 40% of the difference or do I have to inform them ?
0
Comments
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You will need to submit a corrective account.
https://assets.publishing.service.gov.uk/media/67935298a0bd2a64fc27fc5a/c4_corrective_account_print_and_post_form.pdf
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Thanks, what would happen if I didn't ?0
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A demand for payment from HMRC plus late payment interest an a fine.JoSoap02 said:Thanks, what would happen if I didn't ?0 -
Thought so. Thanks for your help.0
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