IHT Declaration for Previously Excepted Estate (Death in 2002)

Trusts Discussion
1

Hello,

I’d be grateful for some advice on how to proceed with declaring IHT on an estate where the deceased passed away in 2002. At the time, the estate qualified as an excepted estate and no full IHT account was submitted.

However, circumstances have now arisen that require IHT to be declared - specifically in relation to a loan trust created by the deceased.

Given the changes to reporting requirements over the years, I’d be interested to hear from anyone who has experience dealing with retrospective IHT declarations on estates from this period. Is it still possible to submit a full IHT account now, and if so, which forms/processes should be used?

Any guidance or practical insight would be much appreciated.

Many thanks,

Natalie

2

I cant say I have ever had to do this but I would probably use the form of the time which was an IHT200 which can be found in the National Archives here

[ARCHIVED CONTENT] HM Revenue & Customs: Inheritance Tax : Applying for Probate/Confirmation

First of all I would get an IHT ref and if possible pay down some of the lability to minimise further interest accruing. You will need it any way to file the return.

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