C1 Grant of conformation help

Aberdon100

Aberdon100 said:

buddy9 said:

Aberdon100 said:

Thanks very much for your help.
So I take the net value of estate for conformation and add half the value of the property and put this figure in the gross value of estate for inheritance tax section without an explanation of where it came from? I am now a bit unsure what goes in the net value and net qualifying value boxes 24&25.
The link you provided states lots more paperwork to be sent than I presumed.  The yougov C1 help guide only mentions the Will and maybe the death certificate, I'm sure someone told me the payment does not get sent with the form.

Not quite.

You take the gross value of the estate for confirmation (box 11 value) and add half the value of the house and put this figure in the gross value of estate for inheritance tax (box 23)

The deductions used to give the net value for confirmation (boxes 12/13/14) are deducted to give a net value for IHT (box 24)

You are correct in that there is no explanation entered in the form why the gross value for IHT exceeds the gross value for confirmation.

If all of the estate passes to the surviving spouse, then NQV (box 25) is zero. But legitim entitlement of children needs to be considered (if legitim claimed this alters the NQV, if legitim renounced then NQV stays at zero)

The court will require ID etc.

If you include contact details, the court will phone for card payment when approved.

OK, thanks again for your help. 

I still haven't completed the C1 form yet. I still need details of ISA accounts.

 I had conformation today from the solicitor that the title to their house was taken equally between and to the survivor of my Mum and Dad. I am presuming this is a survivorship clause, is that correct?

Does the proof of ID that gets sent with the form have to be originals or will copies be acceptable?

I am not very sure what to add in the cover letter, is this just a short letter with my Dad's contact details and what we require conformation for?

buddy9

 I had conformation today from the solicitor that the title to their house was taken equally between and to the survivor of my Mum and Dad. I am presuming this is a survivorship clause, is that correct?

Yes. So as previous, house share isn’t listed in inventory but value of the share is used in IHT calculations.

Does the proof of ID that gets sent with the form have to be originals or will copies be acceptable?

As stated on SCTS website, need to be originals. Two if attending in person, three if by post.

I am not very sure what to add in the cover letter, is this just a short letter with my Dad's contact details and what we require conformation for?

No special magic about a cover letter. A note from Dad listing the enclosures, stating which certificates (if any) are requested, and giving the telephone contact of the person who will be paying the fee.

as above in bold

Aberdon100

buddy9 said:

 I had conformation today from the solicitor that the title to their house was taken equally between and to the survivor of my Mum and Dad. I am presuming this is a survivorship clause, is that correct?

Yes. So as previous, house share isn’t listed in inventory but value of the share is used in IHT calculations.

Does the proof of ID that gets sent with the form have to be originals or will copies be acceptable?

As stated on SCTS website, need to be originals. Two if attending in person, three if by post.

I am not very sure what to add in the cover letter, is this just a short letter with my Dad's contact details and what we require conformation for?

No special magic about a cover letter. A note from Dad listing the enclosures, stating which certificates (if any) are requested, and giving the telephone contact of the person who will be paying the fee.

as above in bold

Thanks again for your help.