PTP IHT Planner shows the effect of
projected lifetime gifts and the likely death estate.
Users enter all the lifetime gifts,
assets and liabilities and the product calculates
lifetime transfer tax, lifetime transfer on death tax and the
chargeable estate at the date of death. The main features
include:
- Enables the input of all lifetime
transfers
- Allows all the aspects of the
chargeable estate on death to be taken into account
- Deals with all available reliefs and
exemptions
- Produces detailed calculations of the
tax due and whether or not it can be paid by instalments
- Applies intestacy rules, if
applicable, including those applying in Scotland
- Can be used as a ‘what-if’
calculator
- Exports data to PTP IHT Return
The product uses Microsoft
Excel 97 (or later version), which will need to be available for
generating reports.
PTP IHT Return enables you to
complete HMRC’s return forms IHT200, 205 and 207 as a necessary
preliminary to obtaining probate for the estate.
The main features include:
- Allows entry directly on to the Form
IHT200, or
- Imports data from PTP IHT
Planner
- Allows completion of all
supplementary pages
- Calculates the Inheritance Tax due on
death
- Calculates any interest due
- Allows the forms to be converted to a
PDF
