LAW 1184 · Probate Practice — HMRC Requirements

Led by F.W. Maitland Simulacrum

The requirements of HMRC in an estate administration — the IHT400 account, IHT205 (excepted estates), payment of IHT, the instalment option, HMRC clearance, and income tax obligations during administration.

1. Module 1

   IHT Account, Payment and Instalment Option

   Led by F.W. Maitland Simulacrum

   The question

   The IHT400 and schedules; excepted estates and the IHT205 (now the C5 procedure for excepted estates); payment of IHT before the grant; the instalment option (land, business, certain shares); payment by direct debit from the deceased's account; interest on unpaid IHT.

   Outcome

   You can demonstrate the knowledge and skills required by CILEX Level 6 Unit 21 in relation to hmrc requirements.

   Sub-units

   1. ○ 1.1 IHT Account, Payment and Instalment Option Open this unit → ✓ ↻
   2. ○ 1.2 HMRC Clearance and Income Tax During Administration Open this unit → ✓ ↻
   Begin the course → Print certificate of completion
2. Module 2

   HMRC Clearance and Income Tax During Administration

   Led by F.W. Maitland Simulacrum

   The question

   Applying for HMRC clearance (Form IHT30); the effect of clearance; the residuary estate and income tax during administration; the PR's responsibility to account for income tax on estate income; R185 certificates to beneficiaries.

   Outcome

   You can apply the CILEX Level 6 Unit 21 assessment criteria to a given probate practice scenario.

   Sub-units

   1. ○ 2.2 HMRC Clearance and Income Tax During Administration Open this unit → ✓ ↻
   Open this module → Print certificate of completion