C1 form Inventory Page 3 question

stenmarki

Hi,  I have found previous posts a great help thanks and I am clear on a lot of the C1.  One thing i'm not clear on however is as this is an excepted estate, do I need to add to the inventory any gift under threshold, or refund from the care home?

buddy9

An excepted estate is an estate for which there is no requirement to submit an IHT return to HMRC. The inventory requirements are the same for all types of estate.

Gifts do not show on the inventory. Non-exempt gifts are included in the estate calculations for IHT on page 5 of the C1.

A refund of care home fee as a result of overpayment would be listed in the inventory (if funded by the deceased).