Form IHT100b is used to notify HMRC when a beneficiary’s qualifying interest in possession within a trust terminates, triggering an Inheritance Tax liability. This form is required to ensure proper reporting of the cessation event and associated tax obligations to the tax authority. The form enables trustees and relevant parties to formally declare the end of the beneficial interest and calculate any IHT due on the deemed disposition of trust assets.
Source: HMRC (GOV.UK) – Read the original