Pre-grant procedure

Question 1

What must PRs do to obtain the grant if IHT is due?

Answer 1

PRs must pay the IHT to obtain the grant.

Question 2

Can a potential PR request banks to release funds to pay IHT before the grant is obtained?

Answer 2

Yes, a potential PR can request banks and building societies to release the deceased’s account funds directly to HMRC for IHT payment, but the decision is at the institution’s discretion.

Question 3

Can similar requests be made for other expenses?

Answer 3

Yes, a similar request may be made to release funds for funeral expenses.

Question 4

What are alternative ways to pay IHT if the grant is not yet obtained?

Answer 4

A potential PR can seek a loan from a bank or beneficiary, or sell estate assets that can be sold merely by showing a death certificate.