Inheritance Tax IHT205 and IHT217 Only
We will complete the Inheritance Tax Form IHT205 and IHT 217 for an exempt estate for you. For this, we will conduct a questionnaire and review a copy of a Will and Codicils if there are any. We will produce a final signable version of IHT205 and IHT217 for you to apply for probate.
In the case of the first death for a married couple (or civil partnership) the inheritance tax issues tend to be minimal. However, you may require us to complete a full income tax and inheritance tax review and ensure your tax position is satisfied with HMRC.
The main issues facing the surviving spouse tend to be related to the other formalities. Things such as dealing with property deeds, life assurance policies, the cancellation or the name transfer of bills and services, and pension issues. Unfortunately, if these issues are not dealt with swiftly, they can cause emotional and financial distress on top of what is already the most difficult time in most people’s life.
This service is offered for those people that do not want or are unsure how to deal with inheritance tax but excludes any legal work such as applying for a grant of probate. If you want us to apply for the grant of probate then please use Simple Probate.
We will deal with the first case of inheritance tax of any spouse or civil partner on your behalf leaving you to get on with other things.
- We will complete the following Inheritance Tax (IHT) forms for HMRC: either an IHT 205 or IHT 400 and any other associated forms that are required.
- Conduct all correspondence with HMRC relevant to completing the above forms.
- Take any corrective action(s) required by HMRC during the Estate administration process.
- Claim any relevant tax reliefs or exemptions applicable to the Estate.
We will provide you a full accountancy audit to ensure that you do not have problems with HMRC going forwards. Please note that this review is not a grant of probate or any legal work towards completing probate. If you so wish you can use our accountancy report to complete probate by yourself.