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IHT400 - Box 118 ends up a negative number, is this right?
Cubicsrube
Posts: 6 Forumite
I've completed everything in the schedules, transferred all the numbers and I end up with a chargeable estate smaller than the combined NRB and RNRB - so in box 118 ('value chargeable to tax' I've written in a negative number that results from the calculation specified of Box 114 minus box 117. Is this correct or should I just write zero?
0
Comments
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Read the rubric at the top of the same page of IHT400:
If there is no Inheritance Tax to pay, you do not need to fill in this page and should go to box 121 on page 13.
Perhaps that helps?0
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