IHT405 Page 1 HMRC 01/18
When to use this form
Fill in this form to give details of all the land and buildings or
rights over land (such as fishing rights) owned by the deceased.
We tell you how to value these assets in form IHT400, ‘Notes’.
If you have a professional valuation, enclose a copy with the
completed form.
Help
For information or help or another copy of this form:
go to www.gov.uk/inheritance-tax
phone our helpline on 0300 123 1072 if calling from
outside the UK, phone +44 300 123 1072
Name of deceased
Date of death DD MM YYYY
Inheritance Tax reference number (if known)
Houses, land, buildings and interests in land
Schedule IHT405
Name and address of the firm or person dealing with
the valuation of the houses or land.
Title — enter MR, MRS, MISS, MS or other title
Name
Postcode
House or building number
Rest of address, including house name or flat number
1
Contact name, if different from box 1
Phone number
DX number and town (if used)
Contact’s reference
Fax number
2
4
3
6
5
Details of the person we should contact about the valuation of houses or land
Only fill in this section if the person we should contact is different from the one named on form IHT400, box 17. Ensure that they
have the legal personal representative’s authority to be contacted.
7002601
IHT405 Page 2
Give details of each item of property. If the deceased owned a large number of properties use
more than one form.
Item number Number each item of property.
Full address or description of property Give the address or full description of the property.
If the property has no street number or it is farmland or other land without an address,
enclose a plan that clearly shows the boundaries of the property.
Tenure State whether the deceased owned the property outright (freehold) or had a lease
(leasehold). For leasehold property enter the number of years left on the lease and the
annual ground rent.
Details of lettings/leases If the property was let out by the deceased, you must provide
a copy of the lease, sublease, business or agricultural tenancy agreement. If the following
information is not contained in the lease, sublease and so on, or if there is no written
agreement, please enter in this column:
date the tenancy/lease began
date the tenancy is due to end
what rent is payable and whether the rent can be reviewed
who is responsible for the outgoings on the property
name of the tenant
If the property was unoccupied at the date of death, write 'vacant'.
Value of agricultural, business or woodlands relief or heritage exemption If you’re
deducting agricultural relief, woodlands relief, business relief or claiming heritage exemption,
enter the value of the property that you say qualifies for relief or exemption.
You can’t deduct business relief on businesses that deal in properties or investments.
7
Property details
AB C D E F G
Item Full address or description Postcode of Tenure Details of Value of agricultural, Open market value
number of property property (For example, freehold or leasehold. lettings/leases business or woodlands at the date of death
If leasehold, tell us the length of relief or heritage
the lease and the annual ground exemption deducted
rent, if applicable.)
££
Totals
Total of column above
copy this amount to
form IHT400, box 51
7
£
Deceased’s residence
£
IHT405 Page 3
8
Totals
Make sure the total value of the properties on this form is reflected in form IHT400. Include the value of agricultural, business or woodlands relief on form IHT400, box 93.
You will also need to fill in form IHT413, ‘Business and partnership interests and assetsif you have deducted business relief or IHT414, Agricultural reliefif you have deducted agricultural relief.
Other land, buildings and rights over land
For rights over land (such as fishing or mineral rights) give details of those rights, as well as details of the land.
Total of column above
include this amount in
form IHT400, boxes 68 to 70
8
£
£
£
AB C D E F G
Item Full address or description Postcode of Tenure Details of Value of agricultural, Open market value
number of property property (For example, freehold or leasehold. lettings/leases business or woodlands at the
If leasehold, tell us the length of relief or heritage date of death
the lease and the annual ground exemption deducted
rent, if applicable.)
££
IHT405 Page 4
Have any of the properties been sold or do you intend to sell any of them within 12 months of the date of death?
No You have finished this form Yes Give details using the same item number(s) used on pages 2 and 3
12
Special factors that may affect the value
Property sale
Were any of the properties listed on this form subject to any special factors, such as major damage or development potential, that may affect their value?
If the property is damaged in a way that is covered by building insurance, it may affect the way we value it.
No Go to box 12 Yes Give details using the same item number(s) used in the first column starting on page 2
If the property was damaged, go to box 10, otherwise go to box 12.
Did the deceased’s insurance cover all or part of the repairs?
No Yes
Do you intend to make a claim under the deceased’s insurance policy?
No Yes If Yes, attach copies of any correspondence you have had with the insurers or loss adjusters
11
10
9
AB CDEF
Item Say whether the property has 'already been sold' Asking price Say whether the sale Price for fixtures, Do you want to
number 'is on the market now' or 'will be sold later'. (or agreed sale price). was/is to a relative, carpets and curtains, use the sale price
If the property has been sold, give the date contracts were Do not deduct the friend or business if included in as the value at the
exchanged (or missives concluded for property in Scotland) costs of the sale colleague of the sale price date of death?
£ the deceased £
Item Details of the special factors. Enclose a copy of the survey or structural engineer’s report, or planning approval notice if appropriate
number
Chrome Web Store
It looks like you haven't installed the Fill Chrome Extension Add to Chrome