HM Courts & Tribunals Service (HMCTS) has recently changed the Inheritance Tax (IHT) reporting requirements for excepted estates. The amendments apply to all deaths on or after 1 January 2022 and are expected to reduce the number of submissions that require a completed IHT form.
King’s Court Trust’s new blog covers the changes, including low value excepted estates, exempt excepted estates, Transferable Nil Rate Band, the prescribed period, and more. It also provides an overview of the assets and liabilities that still need to be reported to the Probate Registry despite the changes to IHT reporting.
Click here to read the full blog.
Kings Court Trust is an award-winning estate administration provider who takes care of the practicalities after death. If you have any questions about estate administration or how you can work in partnership with Kings Court Trust, call them on 0333 207 5470 or email partners@kctrust.co.uk.
This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.
