This Worksheet is 'protected' and should only be amended if there is a change in the Inheritance Tax zero rate.
The numbers held in this Worksheet are taken from the other worksheets and are used to show the Net position of the Estate and to provide an indicative figure for Inheritance Tax (IHT).
The numbers on this worksheet will change as the details are entered on the earlier Worksheets.
It is therefore important to enter the detail accurately in the appropriate Worksheet and not to take the IHT number generated until all Assets and Liabilities have been entered. Since IHT has to be paid before Probate is given there may be a number of estimates that need to be entered (i.e. the value of a house may differ from the figure that it eventually sells at). The final IHT figure will need to be negotiated with the Inland Revenue and any differences settled at a later stage when all final numbers have been agreed.
It should be noted that estates with a value of less that £5000 will not be eligible for IHT and should be processed separately with the minimum input. Also any estate valued at less that £263,000 will probably not be eligible for IHT. See Probate Process details.

Most of the numbers in this worksheet are derived from the other worksheets and are updated at the same time. It is therefore important to recognise that the IHT figures will vary according to the information entered. The major distortion will come when only one side of the information (Asset or Liabilities) have been entered. These will gradually move toward the correct figures as the worksheets are updated and any estimated numbers are replaced by the accurate numbers. e.g. house values may change between the date of estimation to the date of the sale.
At the bottom of the worksheet there is a field that shows the remaining assets. This will be red in colour if the expenses and distribution of assets is greater than the estate of the deceased.
It should be noted that distribution of funds will alter this value on a £1 for £1 basis, that is to say £1 distributed reduces the remaining assets by £1. However, any addition or reduction in expenses or liabilities will take into account the adjustment in IHT.