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!
Excepted Estate reporting estate value with no IHT to pay
NanookOfTheNorth
Posts: 82 Forumite
Hi
I'm helping to sort out probate where there is no IHT to pay as everything passes from the deceased to their spouse (below the thresholds etc). On the probate online page I have entered the estate value from the IHT calculator tool, but on the page below it it says "If you apply for probate for an excepted estate, you’ll need to report its estimated value even though there’s no Inheritance Tax to pay" but I dont see any links to do that. Is that via the probate application that I've already specified the estate value or via a HMRC link somewhere as a seperate "application"?
Probate is needed due to transfer of house to spouse. The online probate form has not yet been submitted.
Thanks
0
Comments
-
There is nothing else to submit other than the probate application you don’t have to report any values to HMRC in these cases.
Just checking - was the family owned solely be the deceased?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.6K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.7K Work, Benefits & Business
- 601.6K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
