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GOV.UK vs HMRC conflicting advice. Do I need to send the IHT400?!
I am dealing with my late father's estate and am shortly going to apply for Probate. He died 2 weeks ago sadly.
His total estate (Home he owned, UK bank accounts) inclusive of any money gifted in 7 years etc comes to ~ £550,000
His wife, my Mum, pre-deceased him and so everything she owned went to him. She therefore still has her £325,000 allowance. The property is will to his children which I believe adds another £175,000 allowance. All in all, an confirming with the GOV.UK calculator, we are not required to pay inheritance tax and can apply straight for Probate.
As far as I can see, this falls under "Excepted Estate" based on:
"the estate is worth £650,000 or less and any unused threshold is being transferred from a spouse or civil partner who died first".
I've used the online checker too to get the gross, net and qualifying values. The government website tells me I can now "Complete the Probate Form" and that IHT400 is unnecessary.
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What has stumped me (and I cannot find anywhere), is the above suggests I can "Move to Probate" because it is an excepted estate, BUT, don't I have to fill in forms IHT435, IHT436 as well (and they require the full IHT400).
I rang HMRC but wasn't convinced by their answer or maybe my articulation of the scenario.. They said you always have to send the IHT400 + many supporting forms 20 working days before applying for probate.. But the gov.uk website says I don't have to pay tax, nor send an IHT400.
I'm just very confused if I can apply for Probate (will HMRC allow this without me using the IHT435, 436 and 400 transfer forms in advance).
Appreciate any feedback or advice!
His total estate (Home he owned, UK bank accounts) inclusive of any money gifted in 7 years etc comes to ~ £550,000
His wife, my Mum, pre-deceased him and so everything she owned went to him. She therefore still has her £325,000 allowance. The property is will to his children which I believe adds another £175,000 allowance. All in all, an confirming with the GOV.UK calculator, we are not required to pay inheritance tax and can apply straight for Probate.
As far as I can see, this falls under "Excepted Estate" based on:
"the estate is worth £650,000 or less and any unused threshold is being transferred from a spouse or civil partner who died first".
I've used the online checker too to get the gross, net and qualifying values. The government website tells me I can now "Complete the Probate Form" and that IHT400 is unnecessary.
---
What has stumped me (and I cannot find anywhere), is the above suggests I can "Move to Probate" because it is an excepted estate, BUT, don't I have to fill in forms IHT435, IHT436 as well (and they require the full IHT400).
I rang HMRC but wasn't convinced by their answer or maybe my articulation of the scenario.. They said you always have to send the IHT400 + many supporting forms 20 working days before applying for probate.. But the gov.uk website says I don't have to pay tax, nor send an IHT400.
I'm just very confused if I can apply for Probate (will HMRC allow this without me using the IHT435, 436 and 400 transfer forms in advance).
Appreciate any feedback or advice!
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