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  • Writer's pictureEmma Moffat

New Inheritance Tax Regulations from the 1st January 2022

From the 1st January 2022 new regulations will apply in respect of Inheritance Tax (IHT). This change will apply to deaths on and after that date.

The aim of the regulations is to simplify the process. As a result, it is expected that over 90% of non-taxpaying estates each year will no longer be required to complete and send IHT forms to HMRC.

Currently, when the personal representatives of an estate meet the excepted estates criteria, they submit a short IHT form rather than a full IHT account. The new changes mean for these estates, the personal representatives will only be required to provide the following:

  • The full name and date of death of the deceased;

  • The gross value of the estate for IHT;

  • The net value of the estate for IHT; and

  • The net qualifying value of the estate, being the net value less any spouse, civil partner or charity exemptions.

The personal representatives will also need to make a declaration that the estate is an excepted estate and declare whether they are claiming an unused proportion of the IHT nil rate band of a pre-deceased spouse or civil partner.

For deaths before the 1st January 2022, the existing regulations apply. In addition, more information will need to be provided if the deceased was not a resident in the UK.

If you would like any advice or assistance in relation to administering an estate, please do not hesitate to contact us on 01992 422 128 and we would be happy to assist you.


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