Inheritance tax confusion

[MacaroniBaloney]

Using the HMRC tax calculator it says the estate falls under the IT banding - if we use the residence nil band allowance of 175k. Reading the eligibility it appears this is available to be used (property left to direct decendents, etc etc). Next steps just say to use these figures on the probate form, and have not requested exact values to be submitted on a variety of tax forms.

Would you call the tax helpline to check or proceed on the basis of the calculations next steps.

I don't want to be fined if I've got it wrong!

Are you trying to complete an IHT 400 form?

Well trying to work out if we need to really.

As onlinevit says we can move to Probate forms only and miss out any IT. I think if I'm reading it correctly.

You probably are reading it correctly - there should be no IHT if net value of estate is within the deceased's standard nil rate band (£325k) and if the main residence nil rate band is also available (£175k) but it also depends where the estate passes. For example, spouse exemption may apply. if in doubt I would recommend you ring HMRC or seek advice from a probate solicitor.