---
title: How do I prepare an IHT418 schedule?
description: A step by step guide on how to prepare an IHT418 schedule (assets held in trust)
---

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# How do I prepare an IHT418 schedule?

## A step by step guide on how to prepare an IHT418 schedule (assets held in trust)

Use the below links to access guidance needed:

[Where to find the asset](https://knowledge.exizent.com/how-do-i-prepare-an-iht418-schedule#wheretofindasset)  
[How to add **Interest in possession **](https://knowledge.exizent.com/how-do-i-prepare-an-iht418-schedule#Interestinpossession)  
[How to add **Future right to assets**](https://knowledge.exizent.com/how-do-i-prepare-an-iht418-schedule#futurerighttoassets)  
[How the asset appears on the IHT418 ](https://knowledge.exizent.com/how-do-i-prepare-an-iht418-schedule#howassetappearson418)

👍 An IHT418 schedule will generate automatically once you add an **Assets held in trust** item to your case

### Where to find the asset 

- On Estate overview, look along the asset and liability ribbon and click on **Assets held in trust**

**![](https://knowledge.exizent.com/hs-fs/hubfs/image-png-Mar-07-2024-02-17-45-3056-PM.png?width=688&height=256&name=image-png-Mar-07-2024-02-17-45-3056-PM.png)**

- Once open, choose **Type of trust** from the drop down menu 

![](https://knowledge.exizent.com/hs-fs/hubfs/image-png-Feb-13-2025-08-20-53-6461-AM.png?width=386&height=350&name=image-png-Feb-13-2025-08-20-53-6461-AM.png)

- Select the **Capacity** from the dropdown - this will determine which areas of the IHT418 will be populated 

![](https://knowledge.exizent.com/hs-fs/hubfs/image-png-Feb-13-2025-08-21-47-0252-AM.png?width=555&height=329&name=image-png-Feb-13-2025-08-21-47-0252-AM.png)

💁 If **Executor or Administrator of the estate** is selected, sections D and I of the IHT418 will be completed and the trustees of the trust must complete an IHT100b

⭐ If **Trustee of the trust** or **Both the executor/administrator and trustee** is selected, sections E, F, G, H and I of the IHT418 will be completed 

### Interest in possession 

- Enter all relevant details in to the **Account information section **ensuring the correct **Capacity **is selected
- Enter relevant information in to **Trustees and solicitors details**

**![20250212 - IHT418 - Trustee and Solicitors Details](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Trustee%20and%20Solicitors%20Details.jpg?width=688&height=482&name=20250212%20-%20IHT418%20-%20Trustee%20and%20Solicitors%20Details.jpg)**

- Enter relevant information into **Trustee** details, if you need to add another **Trustee** click on **Add another trustee** button until you've entered all details necessary 

![20250212 - IHT418 - Add another Trustee](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Add%20another%20Trustee.jpg?width=688&height=280&name=20250212%20-%20IHT418%20-%20Add%20another%20Trustee.jpg)

- Within the **Trust value** section, choose **Yes** if you have the details of the assets 
- Two sections will appear, the first section is **Properties, businesses and controlling shares details** and the second section is **Other asset details.** Click on the information icons ![](https://knowledge.exizent.com/hs-fs/hubfs/image-png-Mar-23-2024-10-50-36-5937-AM.png?width=19&height=20&name=image-png-Mar-23-2024-10-50-36-5937-AM.png) to find out more about what type of assets should go in to these sections. 
- For **Properties, businesses and controlling shares details s**elect the **Asset Type** from the dropdown

ℹ️ Include details for assets held in trust, such as:

- Houses, land or buildings
- Businesses or business interests
- Shares and securities which gave the deceased control over the company

![20250212 - IHT418 - Trust Value dropdown](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Trust%20Value%20dropdown.jpg?width=688&height=608&name=20250212%20-%20IHT418%20-%20Trust%20Value%20dropdown.jpg)

- Enter the description and value and if you have more, keep clicking the **Add another trust asset** button until you've entered all details necessary 
- For **Other assets details** select the **Asset Type** from the dropdown

ℹ️ Include details of all other trust assets not previously listed, such as:

- Bank accounts
- Quoted shares which did not give the deceased control over the company

**![20250212 - IHT418 - Other Assets Details](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Other%20Assets%20Details.jpg?width=688&height=415&name=20250212%20-%20IHT418%20-%20Other%20Assets%20Details.jpg)**

- Enter the description and value and if you have more, keep clicking the **Add another trust asset** button until you've entered all details necessary 

If you don't have details of all the assets in the trust and their values, choose **No**:

- Enter the **Total value**
- If tax is being paid now choose **Yes**, if it is being paid later choose **No** 

![20250212 - IHT418 - Trust Value - no details](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Trust%20Value%20-%20no%20details.jpg?width=688&height=252&name=20250212%20-%20IHT418%20-%20Trust%20Value%20-%20no%20details.jpg)

💁 You'll see a running total value of the assets underneath the **Trust asset** information 

- If there are any liabilities, exemptions or reliefs to be deducted from these assets choose **Yes,** if there aren't choose **No **
- If you have chosen **Yes** to say there is a liability, enter the **Name of creditor**, **Description** and **Value** and if you have more, keep clicking the **Add another trust liability** button until you've entered all details necessary 
- If you have chosen **Yes** to say there are exemptions, choose** Exemption type,** add the** Exemption value** and if you have more, keep clicking the **Add another trust exemption** button until you've entered all details necessary 

![20250212 - IHT418 - Liabilities Exemptions Reliefs](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Liabilities%20Exemptions%20Reliefs.jpg?width=688&height=654&name=20250212%20-%20IHT418%20-%20Liabilities%20Exemptions%20Reliefs.jpg)

- The **Total assets held in trust value** is calculated at the bottom
- Click **Save**

**![20250212 - IHT418 - Total Assets calculation](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Total%20Assets%20calculation.jpg?width=688&height=169&name=20250212%20-%20IHT418%20-%20Total%20Assets%20calculation.jpg)**

### Future right to assets 

- Enter all relevant details in to the **Account information section **ensuring the correct **Capacity **is selected
- Ensure that the **Name of the person who is receiving the benefit** is recorded in the appropriate field
- Ensure that the **Age of the person who is receiving the benefit** is recorded in the appropriate field

**![20250212 - IHT418 - Future Rights](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Future%20Rights.jpg?width=688&height=658&name=20250212%20-%20IHT418%20-%20Future%20Rights.jpg)**

- Add an **Estimated value** in to the **Trust value** section and click **Save**

![20250212 - IHT418 - Future Rights trust value](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Future%20Rights%20trust%20value.jpg?width=688&height=276&name=20250212%20-%20IHT418%20-%20Future%20Rights%20trust%20value.jpg)

### How the asset appears on the IHT418 

⭐ When you generate an IHT400, the IHT418(s) will generate automatically based on the information you have entered in to the asset. For more information on how to generate the IHT400 and schedules, please see[here](https://knowledge.exizent.com/iht400-form?hsLang=en)

⭐ **Interest in possession** and **Future right to asset items** will generate on to separate IHT418 schedules 

- We will populated the form dependent on how you have entered information into your **Trust Asset**, the **Type of Trust** and the **Capacity**. There will still be some areas of the form that require to be completed manually and these will be in a grey box and editable. 
- Below is an example of how the IHT418 schedule will be populated when the trust type is **Interest in possession** with capacity of **Executor or Administrator of the estate**

**![20250212 - IHT418 - Interest in Possession form shot p1](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p1.jpg?width=559&height=806&name=20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p1.jpg)**

**![20250212 - IHT418 - Capacity - Form Shot - P2](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Capacity%20-%20Form%20Shot%20-%20P2.jpg?width=538&height=760&name=20250212%20-%20IHT418%20-%20Capacity%20-%20Form%20Shot%20-%20P2.jpg)![20250212 - IHT418 - Interest in Possession form shot p3](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p3.jpg?width=533&height=770&name=20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p3.jpg)![20250212 - IHT418 - Interest in Possession form shot p4](https://knowledge.exizent.com/hs-fs/hubfs/20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p4.jpg?width=503&height=705&name=20250212%20-%20IHT418%20-%20Interest%20in%20Possession%20form%20shot%20p4.jpg)**

⚡ All relevant information and values will automatically update in to the IHT400. To make any changes to the information held in this schedule, please update the information within the asset, save and then reopen the IHT418 to refresh the information. For more guidance around this, please see[here  ](https://knowledge.exizent.com/iht400-form?hsLang=en)

👷 Our team are regularly making improvements and adding new features. Some things may have changed since this guide was written as functionality gets even more fabulous. If you need further assistance, please contact the Customer Success team who are always happy to help

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