Inheritance Tax: Gifts and Other Transfers of Value
· WOWERI
If the deceased gave away or transferred any assets, you'll need to use Form IHT403 with Form IHT400. This includes cash, property, or land.
Introduction
Inheritance Tax is a tax paid on inherited property. If the deceased gave away or transferred any assets, you'll need to use Form IHT403 with Form IHT400.
What is Form IHT403?
Form IHT403 is used to report gifts and other transfers of value made by the deceased. This includes cash, property, or land.
How to Fill Out Form IHT403
To fill out Form IHT403, you'll need to provide information about the transferred assets, including their value and the date of transfer.
Where to Find Form IHT403
Form IHT403 can be found on the UK government website at https://www.gov.uk/government/publications/inheritance-tax-gifts-and-other-transfers-of-value-iht403.
What to do next
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Source: gov.uk