IHT Forms – What to do When Someone Dies

IHT Forms – What to do When Someone Dies When someone dies there are various forms that need to be completed for inheritance tax purposes, even if there is no inheritance due on the estate. However, the forms are different depending on whether or not IHT is due. When is IHT payable? Inheritance tax is payable on someone’s estate exceeds the inheritance tax threshold. The threshold is currently £325,000. This can be doubled to £650,000 where the deceased’s spouse or civil partner did not use their nil rate band on their death. There is no tax to pay if everything is left to the deceased’s spouse or civil partner. There…