IHT - which forms? 400 and 205 or none?

Lamarisk

it should be quite simple, but after speaking to incredibly rude and unsympathetic IHT helpline, I thought I would come to you. Mum died March 2025. dad died March 2026. They had mirror wills no property to sell just money which totals around £390,000. So the total threshold should be £650,000, so I think no IHT to pay. Do I have to fill-in IHT forms or is this all covered on the probate form? I didn’t apply for probate for my mum as they had joint accounts

Keep_pedalling

No IHT forms required, IHT 205 is no longer required except for deaths occurring prior to Jan 2022.

Lamarisk

Thanks for that, so when filling in the form the gross estate is say £390,000 net is the same as no debts and then do I take off my deceased mums £325,000 for the net qualifying estate value? Which is £65,000

Sorry it’s just a bit confusing. I am desperate to get my head around this

buddy9

……do I take off my deceased mums £325,000 for the net qualifying estate value? Which is £65,000

No.

NQV is the net value minus exemptions (such as spouse exemption or charity exemption). NQV and net value for IHT are often the same value where a spouse is already deceased

On the probate application you will need to tick yes to claim the unused proportion of the NRB of a predeceased spouse.