Inland Revenue requirements
One of two Inland Revenue forms must be completed when applying for a Grant:
- form IHT 205 applies where the deceased's estate was below the threshold for inheritance tax (currently £325,000). There are various circumstances in which the form cannot be used which are set out on the form
- in other cases, you will need to complete a full Inland Revenue Account using Form IHT 400 and its supplementary pages
Some, if not all, of the inheritance tax due will be payable before the Grant can be obtained. This may necessitate the personal representatives taking out a loan.
Probate and estate administration solicitors
To arrange a discussion with a probate and estate administration solicitor click here or call us on 0800 840 4929. We are available to take your call twenty four hours a day, seven days a week.
