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When you should complete this form 

You should use this form to tell HMRC about assets in a trust that are no longer relevant property.ÌýÌý

Before you start  

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

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. â¶Ä¯Â 

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.ÌýÌý

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 settlor 

You must include the name and personal details of the settlor.ÌýÌý

If the transfer was before 6 April 2025

Check the deemed domicile rules for Inheritance Tax using the Inheritance Tax manual if you’re not sure if the settlor was domiciled or deemed to be domiciled in the UK.

If the transfer was on or after 6 April 2025

Check the long-term UK residence rules in the Inheritance Tax manual if you’re not sure if the transferor had Long-term UK residence.

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

You should include the name and personal details of the person dealing with the chargeable event.ÌýÌý 

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.ÌýÌý 

Section C: about the trust  

If you’re a trustee you may have to register the trust.ÌýÌý

If the trust is already registered, make sure the details are up to date before completing this form.Ìý

The date the trust started  

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

Inheritance Tax reference number  

Find out how to get an Inheritance Tax reference number.ÌýÌý

If you do not have one leave box C4 blank.ÌýÌý

Unique Taxpayer Reference (UTR)ÌýÌý

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

Find out how to find your UTR number.ÌýÌý

If you do not have one leave box C5 blank.Ìý

Section D: what makes up your trust account schedules 

You may need to fill in some supplementary pages if any of the following apply.ÌýÌý

The transferor is domiciled outside the UK  

You should fill in schedule D31 if the transferor is either:  

• domiciled in a foreign country  

• treated as domiciled in the UK  

Find out more information about the deemed domicile rules for Inheritance Tax.Ìý

You should complete schedule D31a if the transferor was not a long-term UK resident.

Find out more information about the long-term UK residence rules in the Inheritance Tax manual.  

If stocks and shares are included  

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

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.ÌýÌý 

If any insurance policies were involved  

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

If household and personal goods are included  

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

If land and buildings are included  

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

If you’re claiming Agricultural Relief  

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

If you’re claiming Business Relief  

You should fill in schedule D38 if you’re deducting Business Relief.  

If foreign assets are included  

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

Section E: assets in the UK chargeable to tax 

You must fill in section E with details of all the assets that were transferred as part of this event. â¶Ä¯Â 

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’. â¶Ä¯Â 

Round the value of assets and liabilities down to the nearest £1. Tax should be shown to the nearest penny. â¶Ä¯Â 

Each box must show the total of each type of asset. For example, box E2 should show the total of all bank and building society accounts. â¶Ä¯Â 

Assets where tax can be paid in instalments  

Assets included under column B can be paid in annual instalments over 10 years. â¶Ä¯Â 

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.    

E1 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. â¶Ä¯Â 

If you have a professional valuation, attach a copy with this form. â¶Ä¯Â 

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

E2 Bank, building society and other financial accounts  

You must include all accounts with a:  

• ²ú²¹²Ô°ì  

• building society  

• mutual, friendly or co-operative society  

• ²õ³Ü±è±ð°ù³¾²¹°ù°ì±ð³Ù â¶Ä¯Â 

• 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. â¶Ä¯Â 

E3 Cash   

This includes any cheques made out to the transferee.  

E4 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.  

if you do not know the value at the date of transfer.  

E5 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. â¶Ä¯Â 

E6 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. â¶Ä¯Â 

You must fill in schedule D34 and include a copy of each policy when you send the form. â¶Ä¯Â 

E7 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 should fill in schedule D32 to tell us about them.Ìý

E8 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 E12. â¶Ä¯Â 

You must also fill in schedule D32. Copy the figure from box SS1 on the schedule and enter it in box E8 on this form. â¶Ä¯Â 

E9 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 E7, E8, E10, E11 and E12 due at the date of transfer but which had not yet been paid. â¶Ä¯Â 

E10 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 shared 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.   

E11 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.Ìý

E12 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. â¶Ä¯Â 

E13 Farms, farmhouses and farmland  

You should include the total value of assets on which you’re deducting Agricultural Relief. â¶Ä¯Â 

You must also:

• fill in schedule D36, giving full details of assets you want to claim relief on
• fill in schedule D37 to claim Agricultural Relief

E14 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 E14.  

E15 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. â¶Ä¯Â 

This could include:  

• rental properties  

• lock-up garages  

• redundant land  

• derelict property  

• ±ç³Ü²¹°ù°ù¾±±ð²õ  

• ²¹¾±°ù´Ú¾±±ð±ô»å²õ  

• fishing or other rights attached to land  

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

E16 Debts due to the Trust  

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

E17 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. â¶Ä¯Â 

E18 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. â¶Ä¯Â 

Section F: liabilities, exemptions and reliefs 

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

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  

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For box F1, you should list all the debts owned by the transferor that can be deducted from the assets included in section E, column A.ÌýÌý 

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 solicitors’ or accountants’ fees, give the dates for the period during which the work was done.ÌýÌý

For box F2, you should only include reliefs and excluded property against assets listed in section E, column B.ÌýÌý  

Exemptions and reliefs  

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

Find out what qualifies for Agricultural ReliefÌý²¹²Ô»å Business Relief.

To deduct reliefs against the assets listed at boxes E1 to E18 you should write the title of the relief and the amount that you want to deduct in the space provided.ÌýÌý

For box F3, only include reliefs against assets listed in section E, column A. Add together the reliefs and write in the total box.ÌýÌý

For box F4, only include reliefs and excluded property against assets listed in section E, column B.ÌýÌý 

Section G: rate of tax charge before the first 10 year anniversary 

You should use this section to tell us about the historic value of the assets added to the trust by the settlor before the date of the charge. You must also tell us about assets the settlor added to other trusts.ÌýÌý

You must value each asset on the date it was added to the trust. Do not include any reliefs or exemptions.Ìý

If non-relevant property became relevant property 

You must tell us if any assets added to the trust became relevant property before the date of the charge.

For example, if:

• the trust was a qualifying interest in possession, but later became relevant property
• after 5 April 2025, when ‘excluded property’ held in the trust becomes relevant property, because the settlor becomes a long-term UK resident  

You need to tell us the:  

• date each asset became relevant property
• value of the asset when it became relevant property 

You can group together any assets that became relevant property on the same day.ÌýÌý

Read the Inheritance Tax manual for more information.

Related trusts 

We need to know about any about any others trusts set up by settlor on the same day as this trust. We do not need to know about charitable trusts.Ìý

The assets in these other trusts should be valued at the date on which the trust started. If the charge is on or after 18 November 2015, we no longer take into account the historic value of non-relevant property, for example excluded property and ‘special trusts’.Ìý

Same day additions (exit charges on or after 18 November 2015) 

If the settlor added any assets to another trust on the same day, which increased the value of the trust by more than £5,000, we will take this into account to calculate the rate of tax charged.Ìý

Nil rate band  

You only need to tell us about any chargeable transfers if the trust was set up on or after 24 March 1974. Each transfer should be valued on the date it was made.ÌýÌý

You should enter the nil rate band at the date of the charge in box G15.ÌýÌý

You can find the rates and thresholds in ‘Inheritance Tax nil rate bands, limits and rates (IHT400 rates and tables)’.ÌýÌý

If the ‘total nil rate band available’ is nil the initial rate of Inheritance Tax will be 6%.ÌýÌý

Section H: working out the tax payable 

Appropriate fraction 

Relief is given for the time that the assets have been in the trust. It’s worked out based on the completed ‘quarters’ since the trust began.ÌýÌý

Use the quarters calculator tool to work out the number of complete quarters between the start of the trust and the date of the charge.ÌýÌý

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If the trustees are paying the tax due out of the assets that remain in the trust, you must adjust the figure in box H12 to take this into account. This is called ‘grossing up’.ÌýÌý

You should use the following calculation to work out the gross effective tax rate.ÌýÌý

(H12 ÷ (100 – H12)) × 100 = gross effective tax rate 

You should enter the adjusted figure in box H14.ÌýÌý

If the total tax rate has been grossed up, you should work out the figure for box H13 by multiplying box F11 by H14.Ìý

Additional tax relief if an exit is before the first tax year anniversary and is subject to grossing

Completing box H18

Use the following steps to work out the relief, then add this to box column E of box H18 of the IHT100c form.

1. Calculate the number of complete quarters between the start of the trust and the date on which the asset last became relevant property.
2. Reduce the number at box H11 by the number obtained at step 1.
3. Take the number obtained from step 2 and multiply it by the percentage at box H10 on the form, then divide it by 40.
4. Divide the percentage outcome of step 3 by (100% minus the percentage at step 3).
5. Reduce the percentage at box H14 by the percentage obtained at step 4.
6. Multiply the percentage at step 5 by the value of the new relevant property. For example, the value of box F7 that is attributable to the values at boxes G3 and G5. This is the relief.
7. Insert the relief obtained at step 6 into column E of box H18.

Completing box H19

Use the following steps to work out the relief, then add this to box column E of box H19 of the IHT100c form.

1. Calculate the number of complete quarters between the start of the trust and the date on which the asset last became relevant property.
2. Reduce the number at box H11 by the number at step 1.
3. Multiply the number at step 2 by the percentage at box H10 and then divide by 40.
4. Divide the percentage at step 3 by (100% minus the percentage at step 3).
5. Reduce the percentage at box H14 by the percentage at step 4.
6. Multiply the percentage at step 5 by the value of the new relevant property, for example, the value of box F10 that is attributable to the values at boxes G3 and G5. This is the relief.
7. Insert the relief obtained at step 6 into column E of box H19.

Additional tax relief if the exit is between 10-year anniversaries and is subject to grossing

Completing box J18

Use the following steps to work out the relief, then add this to box column E of box J18 of the IHT100c form.

1. Calculate the number of complete quarters between the date of the last anniversary and the date on which the asset last became relevant property.
2. Reduce the number at box J11 by the number obtained at step 1.
3. Multiply the number obtained at step 2 by the percentage at box J10 and then divide by 40.
4. Divide the percentage obtained at step 3 by (100% minus the percentage at step 3).
5. Reduce the percentage at box J14 by the percentage obtained at step 4.
6. Multiply the percentage obtained at step 5 by the value of the new relevant property, for example, the value of box F7 that is attributable to the values at boxes I3 and I5. This is the relief.
7. Insert the relief obtained at step 6 into column E of box J18.

Completing box J19

Use the following steps to work out the relief, then add this to box column E of box J19 of the IHT100c form.

1. Calculate the number of complete quarters between the date of the last anniversary and the date on which the asset last became relevant property.
2. Reduce the number at box J11 by the number obtained at step 1.
3. Multiply the number obtained at step 2 by the percentage at box J10 and then divide by 40.
4. Divide the percentage obtained at step 3 by (100% minus the percentage at step 3).
5. Reduce the percentage at box J14 by the percentage obtained at step 4.
6. Multiply the percentage obtained at step 5 by the value of the new relevant property, for example, the value of box F10 that is attributable to the values at boxes I3 and I5. This is the relief.
7. Insert the relief obtained at step 6 into column E of box J19.

Additional tax relief for added property 

The initial rate of Inheritance Tax will be reduced to reflect the time that property was not relevant property.ÌýÌý 

The 10-year period is divided into 40 quarters. For example, if some of the property at the date of exit has only been relevant property for 5 years (20 quarters) then the rate on that property will be half of the initial rate given in box H12.ÌýÌý

Use the quarters calculator tool to work out the number of complete quarters.ÌýÌý 

Fill in the tables at boxes H18 and H19 to work out the additional relief on assets that were added to the trust. Enter each asset on a separate line.ÌýÌý

Find more guidance and examples about relief for assets that have been relevant property for less than the full 10 years in the Inheritance Tax manual.

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The trust start date was 1 January 2010.ÌýÌý

On 1 August 2014 there was a distribution of assets valued at £160,000.Ìý £100,000 of these assets were added to the trust on 1 February 2011. £60,000 of the assets became relevant property on 1 November 2012.ÌýÌý

The total number of complete quarters is 21. This is: 

• 14 quarters between 1 February 2011 and 1 August 2014 

• 7 quarters between 1 November 2012 and 1 August 2014 

The rate from box H12 is 4.8%.Ìý

The following table shows how you should enter this information on the form.ÌýÌý

Value of (added) relevant property	Rate (%)	Complete quarters	Reduction in tax (£)
100,000	4.8	14	1,680
60,000	4.8	7	504

Working out the interest on the total tax payable 

Inheritance Tax is due no later than 6 months after the end of the month in which the chargeable event occurred.ÌýÌý

If your payment is after the due date, interest is added to any unpaid tax and is charged at a daily rate.Ìý

You should to work out the amount of interest due on your payment and complete the summary table in box H19.ÌýÌý 

If you’re paying the tax before the due date, continue to section K.  

Section I: rate of tax charge after a 10 year anniversary 

You need to tell us the value of the assets at the last 10 year anniversary. You can find this either: 

• on the assessment of tax we sent you 

• in your own records, if you worked out the tax yourself 

We also need to know about any assets: 

• which have become relevant property between the date of the last anniversary and the date of this charge 
• that were excluded property and have become relevant property because the settlor becomes a long-term UK resident — read the Inheritance Tax manual for more information
• added to the trust between the date of the last anniversary and the date of this charge 

The assets should be valued at the date they were added to the trust or became relevant property.ÌýÌý

Section J: working out the tax payable 

If the tax is being paid from assets that remain in the trust 

You should use the following calculation to work out the gross effective tax rate.ÌýÌý

(J12 ÷ (100 – J12)) × 100 = gross effective tax rate 

You should enter the figure in box J14.ÌýÌý

For box J15, you should multiple box F11 by J14.ÌýÌý

Working out the additional tax relief for added property 

Use the instructions in section H to help you complete the tables in boxes J18 and J19.ÌýÌý

Use the quarters calculator tool to work out the number of complete quarters.ÌýÌý 

Working out the interest due  

Inheritance Tax is due no later than 6 months after the end of the month in which the chargeable event occurred.ÌýÌý

If your payment is after the due date, interest is added to any unpaid tax and is charged at a daily rate.Ìý

You should to work out the amount of interest due on your payment and complete the summary table in box J22.ÌýÌý 

Section K: authority for repayment of Inheritance Tax 

If we need to repay any Inheritance Tax, we’ll make the payment directly to the bank account in the names of all the people who have signed the form by Faster Payments.ÌýÌý

If you do not have a bank account in those names, it may be difficult for you to obtain the repayment. To avoid any difficulties, give the details of the account you want the repayment paid into.ÌýÌý 

Section L: 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.Ìý

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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.ÌýÌý 

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.ÌýÌý 

If you’re an agent  

You must include the following statement in the additional information box on page 12:  

‘As the agent acting on their behalf, I confirm that all the people whose names appear on the declaration page of this form IHT100 have seen the IHT100 and agreed to be bound by the declaration on page 10 of the IHT100.’  

If you’re a trustee  

You must include the following statement in the additional information box on page 12:   

‘As trustee acting in this matter, I confirm that all the people whose names appear on the declaration page of this form IHT100 are the trustees and have both seen the IHT100 and agreed to be bound by the declaration on page 10 of the IHT100.’

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 the form.