IHTM06063 | Miscellaneous matters: no grant cases

Where there is no need to take out a grant of representation but other assets such as jointly owned assets (IHTM15011), settled property (IHTM16042) or foreign property (IHTM27001) pass on death, or the deceased has made significant lifetime gifts, an account may be due from the relevant liable people.

Provided the aggregate value of these components is not more than the nil rate band and the value of these various components fall within the relevant cash limit, there is no need for the liable people to deliver an account.

Where, however, the aggregate value does not exceed the nil rate band but the value of a component of the estate exceeds the relevant monetary limit, then strictly an account is required from all the liable people, even though there is no tax to pay.