Form

How to fill in form IHT100b (death)

Published 12 August 2024

When you should complete this form

You must complete this form if you’re the trustee of a qualifying interest in possession trust and the beneficiary’s interest has come to an end on their death. The interest in possession trust will be one of the following: 

• a trust that was set up before 22 March 2006 and in which the deceased was entitled to benefit 

• an immediate post-death interest  

• a disabled person’s interest  

• a transitional serial interest 

• a purchased interest in possession 

Before you start  

You should complete all fields. If information is missing, we may not be able to deal with your form.

Make sure you have read all the relevant notes before you start completing the form.   

Some types of assets could be included in more than one section of the form, such as stocks and shares, so make sure you put them in the right section. Do not include the same asset in more than one section.   

You do not need to send us copies of documents (for example, a letter from a bank with the balance in an account, or evidence of liabilities) unless we specifically ask you to do so.   

You must keep all documents that you have used to fill in the form as we may ask you for some or all of them later.  

Section A: about the trust 

You must include the name and other details about the trust.  

The date the trust started 

This is the date when the assets where first put into the trust.   

If it was a will trust, you should include the date of death in box A3.  

Unique Taxpayer Reference (UTR) 

This is a 10-digit number. You’ll be sent a UTR when you register for Income Tax or set up a limited company.  

Find out how to find your UTR number.  

If the trust does not have a UTR you should leave box A4 blank. 

Section B: about the trustees 

You should include the name and addresses for all trustees of the trust.  

Section C: details of the person or business dealing with this event 

You should include the: 

• name and personal details of the person dealing with the trust 

• account details where any Inheritance Tax repayments should be made 

If you’re filling in the form without the help of a solicitor or accountant and want HMRC to write to you but someone else to deal with telephone calls, you should include separate written authority when you send the form to us.   

Section D: about the person who has now died 

This is the person who was the beneficiary of the trust.  

Section E: deceased interest in possession and future interests

If you answer ‘No’ to box E3 and have not indicated the deceased had any of the interests in box E1, you must explain why you’re completing this form in the ‘Additional information’ section at the end.  

An interest in possession pre 22 March 2006  

A qualifying interest in possession (QIIP) is a trust that holds property for a person (or a company) who has the right to the income or the employment of the property held.  

After 22 March 2006, a QIIP can only arise if it is an immediate post death interest, a disabled person’s interest or a transitional serial interest. Find more information about interests in possession. 

An immediate post death interest 

This is when a beneficiary receives the benefit of an interest in possession trust, created by a will or under intestacy rules, of a person who has died, and the trust does not qualify as a trust for a bereaved minor, or a disabled persons interest.  

A disabled person’s interest 

This is a trust that meets certain requirements about how income and capital of the trust may be applied during the disabled person’s lifetime. It’s treated as a qualifying interest in possession and forms part of the beneficiary’s estate on their death.  

A transitional serial interest 

This is an interest in possession trust that is not a bereaved minors trust or a disabled person’s interest. It can begin in 3 ways. 

The first is as an interest in possession starting between 22 March 2006 and 5 October 2008. It must follow a previous interest in possession that was in effect before 22 March 2006. 

The second is an interest in possession that passes to the beneficiary’s spouse or civil partner on the death of the beneficiary. This only applies if the beneficiary died after 5 October 2008. 

The third is where the trust property is a life insurance policy and there’s an unbroken chain of interest in possessions ending on death.

Purchased interest in possession 

This is an interest in possession in a trust where all of the following apply: 

• it was purchased by the beneficiary arm’s length transaction 

• arose on or after 9 December 2009 

• the beneficiary was domiciled in the UK at the time 

Section F: details of the schedule pages 

You may need to fill in more sections, known as schedules, if you’re telling HMRC about any of the following.

If stocks and shares are included  

You should fill in schedule D32 if the assets include any stocks and shares.  

If any debts were owed to the trust  

You should fill in schedule D33 if there was any money on loan from the trust. For example, a mortgage or personal that has not been repaid at the date of the chargeable event.    

If any insurance policies were involved  

You should fill in schedule D34 if any insurance policies are included in the event. 

If household and personal goods are included  

You should fill in schedule D35 if the assets include any household and personal goods. 

If land and buildings are included  

You should fill in schedule D36 if the assets include land, buildings, trees or underwood in the UK.  

If you’re claiming agricultural property relief  

You should fill in schedule D37 if you’re deducting agricultural property relief.  

If you’re claiming business property relief  

You should fill in schedule D38 if you’re deducting business property relief.  

If foreign assets are included  

You should fill in schedule D39 if any of the assets are outside of the UK.   

Section G: UK assets held in the trust 

You fill in section G with details of all the assets that are part of this trust.  

You must value all assets as if each item had been sold on the date of the chargeable event. This is called the ‘open market value’.   

Round the value of assets and liabilities down to the nearest £1. Tax should be shown to the nearest penny.   

Each box must show the total of each type of asset. For example, box G2 should show the total of all bank and building society accounts.   

Assets where tax can be paid in instalments  

Assets included under column B can be paid in annual instalments over 10 years.   

Find out more about assets that can be paid in instalments. 

You usually have to pay interest on instalments, but there are some assets which qualify for interest relief. These instalments are only interest-free if the instalment is paid on or before the due date.    

G1 Houses, buildings and land 

You must the value of all, freehold, leasehold, heritable and other immovable property in the UK included in this transfer. Do not include farmhouses and farmland.   

If you have a professional valuation, attach a copy with this form.   

You also need to fill in schedule D36 giving details of each item of land.  

G2 Bank, building society and other financial accounts  

You must include all accounts with a:   

• bank  

• building society  

• mutual, friendly or co-operative society  

• supermarket   

• insurance company  

List each account or investment separately in the ‘Additional information’ section. If you have separate figures for capital and interest, show these separately.   

G3 Cash   

This includes any cheques made out to the transferee.  

G4 Premium Bonds and National Savings and Investments (NS&I) products  

List each account or investment separately in the ‘Additional information’ section. If you have separate figures for capital and interest, show these separately.  

Contact National Savings and Investments (on the NS&I website) if you do not know the value at the date of transfer.  

G5 Household goods and personal goods  

You should include all goods included in the transfer. For example, china, clothes, jewellery and cars. You also need to fill in schedule D35.   

G6 Life assurance, pensions and mortgage protection policies  

Tell us about any pensions and policies in included in the transfer. If the transaction included a life assurance policy but they were not actually amongst the assets included in the chargeable event you’re telling us about, we need to know about the arrangements.   

You must fill in schedule D34 and include a copy of each policy when you send the form.   

G7 UK government and municipal securities   

You should include:  

• Treasury Stock  

• Exchequer Stock  

• Convertible Stock  

• consolidated stocks and loans  

• Funding Stock  

• Savings Bonds  

• Victory Bonds  

• War Loans  

• government stock held on the Bank of England Register   

• bonds issued by municipal entities (local government authorities)

You must fill in schedule D32 to tell us about them.  

G8 Listed stocks, shares and investments  

You should include:  

• all stocks, shares, debentures and securities listed in the Stock Exchange Daily Official List  

• unit trusts  

• investment trusts  

• open-ended investment companies  

• shares listed on a recognised stock exchange that are part of an Individual Savings Account (ISA)

• foreign shares listed on the London Stock Exchange  

Do not include listed shares that gave the deceased control of the company. You should include these in box G12.   

You must also fill in schedule D32.  

G9 Dividends or interest on stocks, shares and securities  

Use schedule D32 to complete this box. You should include the total value of dividends and interest on assets in boxes G7, G8, G10, G11 and G12 due at the date of transfer but which had not yet been paid.   

G10 Traded unlisted and unlisted shares except control holdings  

If a company is not listed on the London Stock Exchange, any foreign recognised stock exchange or alternative market, its shares and securities are classed as unlisted.  

You should enter the total value of the following stocks and shares if the settlor did not have control of the company:  

• unlisted stocks and shares in private limited companies  

• shares traded on the Alternative Investment Market (AIM), including shares part of an ISA  

• shares held in an Enterprise Investment Scheme (EIS) or in a Business Start-up Scheme (BSS)  

You must also include these when you fill in schedule D32.   

G11 Instalments on shares  

You may be able to pay tax in instalments on unlisted shares that do not qualify for business relief if any of the following apply:

• you can show that paying in one sum will cause financial hardship   
• at least 20% of the tax owed is on assets that qualify for payment by instalments    
• the shares are worth more than £20,000 and make up either:   
  • at least 10% of the value of the total shares issued by the company   
  • at least 10% of the value of ordinary shares held in the company

If you have tax to pay on non-control holdings of unlisted shares, and they qualify for payment by instalments, enter the value of the shares in box E11. You can find this value in boxes 3 and 4 in schedule D32. 

G12 Control holdings of unlisted, traded unlisted and listed shares  

If the person who made the transfer had control of the company you should include:   

• shares traded on AIM including shares that are part of an ISA  
• shares traded on the Off Exchange (OFEX )

You must also fill in schedule D32, including the stocks and shares.   

G13 Farms, farmhouses and farmland  

You should include the total value of assets on which you’re deducting agricultural relief.   

You must also fill in schedule D36, giving full details of assets if you want to claim relief.   

G14 Businesses including farm businesses, business assets and timber  

You should include the net value of an interest in a business at the date of the chargeable event.  

If the settlor took part in more than one business you may need to fill in schedule D38 for each business or partnership. Enter the total value of all the businesses in box G14.  

G15 Other land, buildings and rights over land  

You should include the value of any other land, buildings or rights over land not included in any other boxes on this form.   

This could include:   

• rental properties  

• lock-up garages  

• redundant land  

• derelict property  

• quarries  

• airfields  

• fishing or other rights attached to land  

You must also fill in schedule D36 with details of the land or property.  

G16 Debts due to the Trust  

You should enter the figure from box 3 when you fill in schedule D33.   

G17 Income Tax or Capital Gains Tax repayment  

You should enter the total amount of any tax repaid to the trusts. If you do not know the exact amount, you should enter a reasonable estimate.   

G18 Other assets  

You should enter the total value of any other assets not already included. You must include the details of these assets in the ‘Additional information’ section. 

Section H: liabilities, exemptions and reliefs 

You should only include debts that were owed by the trust at the date of the chargeable event.   

Do not include:  

• fees for professional services carried out after the date of the event  

• any solicitor’s, estate agent’s or valuation fees incurred in dealing with the event  

Liabilities  

For box H1, you should list all the debts owned by the transferor that can be deducted from the assets included in section G, column A.   

You should fill in the name of the person or organisation that is owed the money and say briefly why the money is owed. If you include a deduction for solicitor or accountant fees, give the dates for the period during which the work was done.  

For box H2, you should only include reliefs and excluded property against assets listed in section G, column B.   

Exemptions and reliefs  

There are a number of reliefs that reduce the value of the transfer on which you need to pay tax.

Find out about:

• exemptions in section IHTM11000 of the Inheritance Tax Manual
• Agricultural Relief
• Business Relief

To deduct reliefs against the assets listed at boxes G1 to G18 you should write the title of the relief and the amount that you want to deduct in the space provided.  

For box H3, only include reliefs against assets listed in section G, column A. Add together the reliefs and write in the total box.  

For box H4, only include reliefs and excluded property against assets listed in section G, column B.   

Section I: disclosure of tax avoidance scheme 

You should include both the:  

• scheme or promotor reference number if you’ve been given one  

• tax year or date when the tax advantage is expected   

 Find out about tax avoidance schemes.  

Declaration  

You must make sure that all trustees have read the declaration and agree that the information given on the form, any schedules and other supporting documents is correct.   

HMRC will accept IHT100 forms without a wet signature from both an agent or trustee, as long as the names and personal details of the trustees are shown on the declaration page.   

If you’re an agent  

You must include the following statement in the additional information box on page 11:  

‘As the agent acting on their behalf, I confirm that all the people whose names appear on the declaration page of this form IHT100b (death) have seen the IHT100b (death) and agreed to be bound by the declaration on page 10 of the IHT100b (death).’    

If you’re a trustee  

You must include the following statement in the additional information box on page 11:   

‘As trustee acting in this matter, I confirm that all the people whose names appear on the declaration page of this form IHT100b (death) are the trustees and have both seen the IHT100b (death) and agreed to be bound by the declaration on page 10 of the IHT100b (death).’    

Sending us your completed form 

You should send the form to the address given at the bottom of the form.   

Make sure you include:

• copies of any document we’ve asked for

• any completed schedules (read section D)

Find out what happens after you send us your completed form.

Get help 

Contact the Inheritance Tax helpline if you need help completing this form.