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- Click ‘Get Form’ to open the IHT205 in the editor.
- Begin by filling in the deceased's details, including their title, surname, other names, date of death, occupation, and marital status. Ensure accuracy as this information is crucial for processing.
- Proceed to section 2 regarding gifts made within seven years of death. Answer 'Yes' or 'No' and include any chargeable values in box 12.1 if applicable.
- Continue through questions 3 to 10, providing necessary details about trusts and assets outside the UK. If you answer 'Yes' to certain questions, follow instructions to determine if you need form IHT200 instead.
- In section 11, list all assets owned by the deceased at the time of death. Include cash, property values, and any other relevant items. Use estimates where necessary and tick the box for estimates.
- Finally, complete sections on debts and exemptions before reviewing your entries for accuracy. Ensure all figures are correct before submission.
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