Inheritance Tax
What is the IHT400 Form, and When is it Required?
The IHT400 Inheritance Tax Account is the main HMRC form used to report the value of an estate and assess whether any Inheritance Tax is due.
What does the IHT400 cover?
- Details of the deceased and the estate
- The full value of all assets at the date of death
- All deductible liabilities and funeral costs
- Gifts made in the seven years before death
- All applicable exemptions and reliefs
- The calculation of any IHT liability
When is it required?
The IHT400 is only required where the estate is not an excepted estate. This is not only about whether Inheritance Tax is due: an estate can fall outside the conditions for an excepted estate even when no tax is payable. Most estates are excepted estates. For these, no Inheritance Tax forms are sent to HMRC at all: the estate’s values are entered directly on the probate application instead. YouCanDoProbate works out from your answers whether the estate is excepted, and produces the IHT400 and its schedules only where they are needed.
What happens after it is submitted?
HMRC reviews the IHT400 and acknowledges the estate’s tax position. If IHT is due, it must be paid (at least in part) before probate can be granted. HMRC then sends a unique probate code, by letter, or by email if you chose to receive it that way, which is entered on the probate application before it is sent to HMCTS.
YouCanDoProbate completes the full IHT400 and all required supplementary schedules automatically from your answers, with clear guidance on what to send to HMRC and the Probate Registry.
The easy and affordable way to apply for probate
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