This page is where the details of any assets that were owned jointly by the deceased and any other person(s) should be entered.
The page has 4 tables. They are organised by Tax treatment. The first two tables are for Instalment Option Property.
One for assets that were owned by the Deceased and another as Joint Tenants where the right of Survivorship existed. The second is for Assets held as Tenants in Common where the Deceased's Estate benefits from the Deceased's share.
The next two tables are for Non Instalment Option Property. The First for Joint Tenancy property and the second for property held as Tenants in Common.
As regards Liabilities against the items and Exemptions and Reliefs enter the details, if any, for each item in a table. Remember to scroll the page so you can see all the columns in the table. The details entered here are not carried forward into an IHT205 or IHT400 form because we can't predict how you will need to group the item numbers into the liabilities and exemption and relief boxes on the form. So you can use a brief shorthand in the software and type the required details into Form IHT400. The totals will be carried forward into the Form. Now enter the total Exemptions and Reliefs into the Exemptions and Reliefs page under the Tax & Apply menu.
As regards the Estate Accounts only the description and value of property held as Tenants in Common will appear in the notes to the Accounts.