IHT411 Listed stocks and shares

by **Overleigh** on Wed Oct 19, 2011 2:15 pm

I am pressing on with filling in the various IHT schedules for my late uncle's estate. My uncle had investments in an ISA Investor (shares) and a CIP Collective Investment Plan.
Reading the notes for completing the IHT411 schedule it is clear that I am expected to enter the required information for each and every one of the individual share holdings in the two investment plans. On enquiring about how to get the information I have heard a degree of surprise that such detailed information is needed and I am told that solicitors are normally supplied with just the total value of a plan.
Am I misunderstanding what the IHT411 form requires for these two plans?

by **Overleigh** on Wed Oct 19, 2011 4:55 pm

Just to clarify my description of the two investments, I have been told that the ISA Investor and CIP are both classified as OEIC's. My question remains the same!

by **maths** on Wed Oct 19, 2011 6:00 pm

I think there is a difference between a stocks/shares ISA and an investment in a collective investment scheme (CIS).

You will need details re the shares comprised in the ISA; this is because the deceased held these shares directly.

In a CIS (eg a unit trust) the deceased held units; it is the value of the units that you need to know. The unit trust itself invests in underlying shares etc but these are irrelevant for your purposes.

by **pqtaxation** on Wed Oct 19, 2011 7:01 pm

Overleigh wrote: ....the two investments, .the ISA Investor and CIP are both classified as OEIC's. ..

I think from your description that OEICs are the only type of investments – either held in an ISA wrapper or in a CIS wrapper. You just need to list them and their bid values on IHT411 at DoD.

by **Overleigh** on Fri Oct 21, 2011 1:17 pm

Thank you maths and pqtaxation. I have receieved something in the post today from the company concerned today, and I think they have given me the detail I need.
Your help is much appreciated.