New Form IHT418 and IHT400

Trusts Discussion
1

With the new form IHT418 when dealing with an estate where there are separate trustees if you are completing the new form as Exor you complete section D and boxes D2 & D3 show the value so the assets in the trust.

However those values do not seem to be carried forward into the IHT400 for calculation purposes. I would have expected them to go into box 105 page 11 - assets held by the trustees on which the trustees are not paying the tax now. Is this an issue with the forms or am i missing something?

2

I have noticed this too. It does seem an omission, and I have seen others fill in the IHT400/418 with no IHT and then state the IHT is payable by the trust only rather than apportioned.

The only one IHT400/418 and IHT100 I have filed to date (executors/trustees different people) HMRC sent computations of the IHT for the free estate and the trust element. They got it wrong…but did eventually correct it when we questioned this with them.