Completing IT38

Discussion in 'Wills, inheritances and gifts' started by Mijne, Sep 7, 2018.

  1. Mijne

    Mijne Frequent Poster

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    50
    I am completing an online ROS IT38 form for inheritance tax. My brother and I received a house between us. Where on the form can I put that my inheritance was only half the value of the house. The form shows me receiving the full value of the house. Should we both file the IT38 together? or do we file separate forms?

    Many thanks for your help.

    Mijne
     
  2. john luc

    john luc Frequent Poster

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    297
    you enter the value you are receiving only so if half the house is 300,000 then that's what you enter
     
  3. Mijne

    Mijne Frequent Poster

    Posts:
    50
    John Luc

    Thanks so much for your help.

    Mijne
     
  4. Mary55555

    Mary55555 Frequent Poster

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    72
    Hi,

    You file separate returns for each share ..