HMRC has updated schedules IHT403 (Gifts and other transfers of value) and IHT407 (Household and personal goods).
The IHT403 now asks whether the agent has authority from recipients of gifts made by the deceased to deal with HMRC on their behalf. If the agent does not have authority then they must provide details of either the recipient (including address and a contact number) or their agent.
The IHT407 update relates to the value at which there is a requirement to list individual items of jewellery. Any individual item valued on its own at more than £1,500 needs to be listed separately. The threshold was previously £500.
These updates serve as a useful reminder to ensure that the most up-to-date forms are downloaded from HMRC's website to avoid being caught out.