Termination of IIP on Death - IHT100b

Trusts Discussion
1

The trust was a pre-2006 interest in possession trust. The life tenant has recently died. The trust consists investments but these in association with the other assets of the estate do not exceed the NRB. Does an IHT100b need to be filed with HMRC?

Any views welcome.

Thanks in advance

2

This is very likely to be an excepted estate, which since 2002 can qualify even if the deceased had an IIP.

IHTM6000 is very helpful on this e.g. 6012 and 6020.

Jack Harper