IHT405, Houses, land, buildings and interests in land
Form IHT405 gives HMRC the details of houses, land and buildings the deceased owned, or had an interest in. Fill in the official PDF below and download it.
This is the genuine HMRC PDF, unmodified. Source: HMRC official page.
What is IHT405?
IHT405 is the property schedule that goes with the IHT400. It asks for each house, flat, plot of land or building the deceased owned, with the address, tenure, who lives there, and the open market value at the date of death.
HMRC uses the schedule to test the valuations, so professional valuations should be attached where you have them. The form also captures the information needed if you want to pay the tax on land in yearly instalments, and it flags sales agreed before or shortly after death, which can affect the figure that ends up in the account.
Who files IHT405?
- Personal representatives of an estate that includes a house, flat or other land
- Executors reporting a share of a property owned with someone else
- Administrators dealing with agricultural land, let property or a building with development value
- Practitioners preparing the IHT400 for an estate holding UK land
How to fill out IHT405
- Enter the deceased’s name and the Inheritance Tax reference from the IHT400.
- Describe each property in turn: full address, freehold or leasehold, and who was living in it at the date of death.
- Give the open market value at the date of death for each property and note who valued it.
- Answer the questions about mortgages, tenancies, sales and any wish to pay tax by instalments.
- Download the finished PDF, attach any professional valuations, and post it with the IHT400 to Inheritance Tax, HM Revenue and Customs, BX9 1HT.
Quick fill IHT405 on this page
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Frequently asked questions
Do I need a professional valuation?
For anything other than a straightforward low value interest, a valuation from a chartered surveyor or estate agent is the safest evidence. HMRC asks you to send valuations with the schedule where you have them.
Where do jointly owned properties go?
Jointly owned land is reported on IHT404 rather than here. Read the notes on both forms so the same share is not entered twice.
Can Inheritance Tax on a house be paid in instalments?
Tax on land and buildings can usually be paid in yearly instalments. You tell HMRC on the IHT400, and interest may be charged on the outstanding balance.