IHTM06012 - Rules about excepted estates: low value estates
The conditions for these estates are that:
the deceased died on or after 6 April 2004, and
for deaths on or after 6 April 2025, was a long-term UK resident immediately before their death (IHTM47000)
for deaths before 5 April 2025, is domiciled (IHTM13000) in the United Kingdom, and
the gross value of the estate, including the deceased’s share of any jointly owned assets, any specified transfers (IHTM06018) and any specified exempt transfers (IHTM06019)
does not exceed the Inheritance Tax nil rate band (IHTM06011), and for deaths on or after 1 January 2022
if the estate includes any assets held in trust, they are held in a single trust and the gross value does not exceed £250,000 (IHTM06020),
if the estate includes foreign assets, their gross value does not exceed £100,000,
if there are any specified transfers, their chargeable value does not exceed £250,000,
the deceased had not made a gift with reservation of benefit.