HMRC have advised that form IHT205 for excepted estates can no longer be used:
“You can no longer use the online service to report an excepted estate for Inheritance Tax if the person died on or after 6 April 2011, and on or before 31 December 2021, and the estate is unlikely to pay Inheritance Tax.”
HMRC had already advised at the start of December:
“After 31 December 2022, you will no longer be able to use IHT205 online. You need to complete your online estate report before this date. You need to complete your probate application by 31 March 2023 if you have used online service. The IHT206 notes have also been updated with references to designated recognised stock exchanges, to bring them in line with current legislation.”
Related content from Claritax Books
Inheritance Tax by Megan Saksida offers in-depth guidance on IHT matters involving both lifetime transfers and the death estate.
