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Bank and building society accounts and National Savings & Investments Schedule IHT406 When to use this form Fill in this form to tell us about any bank or building society accounts that the deceased
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What is iht406?
IHT406 is a form used in the United Kingdom for reporting gifts and other transfers of value for inheritance tax purposes.
Who is required to file iht406?
Individuals and trustees are required to file iht406 if they have made gifts or transfers of value that may be subject to inheritance tax.
How to fill out iht406?
IHT406 can be filled out online or by paper and should include details of gifts made within a certain time frame.
What is the purpose of iht406?
The purpose of iht406 is to report gifts and transfers of value that may be subject to inheritance tax.
What information must be reported on iht406?
Information such as the details of the gift, the date it was made, and any exemptions or reliefs claimed must be reported on iht406.
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