IHT and annual exemption | AccountingWEB

IHT and annual exemption

My client gave away his car , as he could no longer drive, a few months before he died in March 2012.

I'm filling in form IHT 400 and I would like to exclude all mention of the car. My reason is that the value of the car was less than £6,000, so the lifetime annual exemtions annual exemptions for 2010/11 and 2011/12 are available to wipe out any PET. Is this OK?

No experience of IHT ouside of an exam room. Thanks


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blok |
blok's picture


elaine.townsendgroup.co. |