This page calculates the IHT due on the Estate.
Any fields that are grey require you to enter the data that is applicable to the Estate.
The system will calculate the Total Chargeable Estate.
In the Simple Calculation of tax payable section you need to enter the total of any lifetime gifts that the Deceased made that are required to be taken into account when calculating the IHT due. It will also show you the effective rate of Tax that is payyable on the Estate which is what HMRC use when calculating any amendments to the IHT Calculation of the Estate.
If the Estate is entitled to claim the reduced rate of IHT change the IHT Tax Rate percentage to 36 and save the change.
The Calculation of IHT payable on delivery of IHT400 will show you what you'll have to pay when applying for a Grant. The default is set to 1 instalment of tax on IOP property. If you intend (or have) to pay more change the Number of Instalments to be paid on delivery of IHT400 to the number what you want and press Save.