Not so much a trust question, but thought this would be a good place to ask.
We are increasingly dealing with IHT calculations for estates and as we all know IHT400s are very cumbersome requiring info to be input repeatedly across a number of forms.
Can anyone recommend cost effective software that will aid with the preparation of IHT forms? We only prepare 1-2 a month and do minimal other compliance work so don’t need an all singing all dancing package.
We use the ‘smart forms tax’ function in Tolleys Library (Lexis Nexis) which comprises editable PDF forms & documents. It is also possible to ‘save as’ so that once a form has been completed the same information does not need to be re-input for a difference case.
Oyez IHT forms auto fills all standard details and links with supplement forms
I have a vested interest in the ProbateAdmin product but it will do what you are looking for and is being launched in January. The pricing model is ideal for a firm that only does one or two cases a month. Take a look at this website
Northwood Banks & Co