EXCEPTED ESTATES
14/04/2011
Excepted estates are those estates which do not have to submit a full account on IHT 400 to HMRC of the estate of the deceased person, largely because they are small (under the value the of the NRB on death) or they are exempt from IHT (are in favour of a spouse or civil partner or in favour of charity and worth less than £1 million).
The excepted estates procedure has been reviewed several times in the last few years in an effort by HMRC to reduce the number of cases where a full IHT 400 has to be completed in the estate.
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