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IHTM28311 | Liabilities: investigating form IHT419: purpose of the form

From HM Revenue & Customs · Inheritance Tax Manual

Supplementary form IHT419 is enclosed with the IHT400 where the taxpayers are claiming a deduction from the deceased’s estate for particular types of debt. These are

  • loans from friends and relatives (IHTM28321)

  • money spent on behalf of the deceased by a close friend or relative (IHTM28330)

  • other loans or overdrafts (IHTM28340)

  • guarantee debts (IHTM28351).

It should also be completed where FA86/S103 may apply to restrict the deduction (IHTM28361) for a debt. Broadly speaking this is where the deceased has both borrowed money from someone and has made a gift to that same person.