IHT - claim to transfer unused nil rate band IHT - HMRC update form IHT402

HMRC have updated the form Inheritance Tax: claim to transfer unused nil rate band (IHT402).

Taxpayers use the IHT402 with form IHT400 to transfer any unused nil rate band from the deceased spouse or civil partner to the deceased’s estate.

The form has been updated to remove the ‘Pensions’ box as it is no longer needed.

Inheritance Tax by Megan Saksida offers in-depth guidance on IHT matters involving both lifetime transfers and the death estate.

IHT – claim to transfer unused nil rate band IHT – HMRC update form IHT402