Can an estate be classified as excepted when it exceeds the nil rate but falls within the £500k threshold?2024-09-09T09:50:59+01:00
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Hello – please can you advise on whether an estate can be deemed as an excepted estate, with no requirement to inform HMRC before applying for probate, when the total value exceeds the nil rate (in this case £375k) but the entire estate has been bequeathed to an adult daughter of the deceased (and therefore the increased threshold of £500k applies).

Team QLAW! Changed status to publish 9th September 2024
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Thanks for your reply Neil. I am happy to apply for probate but I just wasn’t sure whether I needed to obtain form IHT400 first, or whether as an excepted estate the form wasn’t necessary.

Team QLAW! Changed status to publish 9th September 2024
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