IHTM10802 - Accountability: what is to be included in an account?
»Ê¹ÚÌåÓýapp accountable person is required to deliver an account specifying to the best of that person’s ‘knowledge or beliefâ€� all ‘appropriate propertyâ€� and the value of that property. »Ê¹ÚÌåÓýapp account must be one that is prescribed by the Board, IHTA84/S257.
»Ê¹ÚÌåÓýapp meaning of knowledge and belief was discussed by Walton J in CIR v Stype Trustees (Jersey) Ltd [1985] STC 394, CTT Cases No 27 (from page 15).
‘Appropriate property� is any property to the value of which the tax is or would be attributable. But this rule is modified (IHTM10812) in the case of transfers on death.