Here you enter the details of any bank or building society accounts that the deceased held in their sole name and were in credit at the date of death.
The Name, Account Number and Value at Death line items will appear in page 1 of IHT Form 406 and the total Value at Death will appear in box 52 of an IHT 400 Form or as part of the total in Box 11.1 of an IHT 205 form.
The IHT 406 form only has enough room for 9 Institutions. So if you have more than 9 Accounts we recommend that you enter the total value for each Institution and enter all the account numbers in the Account Number column.
There is space in the table to enter the amount of interest earned during the period of administration. This is just so you can reconcile the Total Received between Capital which you put in the Realised Value Column and Interest which you put in the relevant year.
Year 1 runs from the date of death until the 5th April following the date of death.
Year 2 runs from the subsequent 6th April to the next 5th April. and so on for the remaining 2 years.
The Total Received should equal the Value Realised and the interest received during the Administration period. N.B. The interest you enter here does not appear in the Estate Accounts. You must enter the interest in the Income & Expenditure Tab.