IHT417 Foreign Assets: Fill In the HMRC Schedule Online

What is IHT417 Foreign assets?

When someone dies owning assets abroad, the executors list them on schedule IHT417 and send it with the Inheritance Tax account, form IHT400. For a death on or after 6 April 2025 the form is for a deceased who was a long-term UK resident; for a death on or before 5 April 2025 it is for a deceased who was domiciled, deemed domiciled or formerly domiciled in the UK.

The schedule has two parts. The first (boxes 1 to 5) covers foreign houses, land and buildings, businesses and controlling shareholdings; the second (boxes 6 to 10) covers other assets abroad, such as bank accounts and cryptoassets. For each asset you give its value in the foreign currency at the date of death, the exchange rate and the sterling value, then the debts, exemptions and reliefs to deduct. Box 5 goes to IHT400 box 97 and box 10 to box 98. For Inheritance Tax the Channel Islands and the Isle of Man are not in the UK.

FileIt adds up the totals and works out the net boxes exactly as the form describes, prints names and places with accents and non-English letters correctly, and fills in HMRC's own IHT417 PDF (HMRC 12/25 edition). You check it and send it with the IHT400 yourself. FileIt never sends anything to HMRC.

Who fills it: The executor or administrator of the estate
Sent with: Form IHT400 (the Inheritance Tax account)
Copy to IHT400: Box 5 to box 97, box 10 to box 98
Currency: Show each value in the foreign currency and how you converted it to sterling
Signature: None on this schedule
Edition: HMRC 12/25, 4 pages
Helpline: 0300 123 1072 (+44 300 123 1072 from outside the UK)

Who needs to fill out IHT417 Foreign assets?

Executors of an estate that includes a holiday home, land or a business abroad.
Families dealing with a foreign bank account, investments or cryptoassets held outside the UK.
Estates where the deceased owned foreign assets jointly; the form says they go on IHT417, not IHT404.
Probate practitioners preparing the IHT400 schedules.

When to use IHT417 Foreign assets

When completing form IHT400 for an estate with assets outside the UK.
Once you have valuations at the date of death and the exchange rates for that date.
If the deceased left a separate will for their foreign estate, the notes say you may find it easier to fill in more than one IHT417.

What you need before you start

The deceased's name, date of death and the IHT reference number if you have one.
A full description and locality of each foreign property, with any professional valuations, a plan and photographs.
For businesses and controlling shareholdings, the latest accounts and how the valuation was worked out.
Each value in the foreign currency at the date of death and the exchange rate used.
The debts owed against the foreign assets, and any exemptions or reliefs (for charity exemption, the charity's full name, country and HMRC charities reference).

What’s on IHT417 Foreign assets

The 2025 edition has 4 pages. FileIt asks for it in 8 parts:

The person who has diedExecutor
1. Houses, land, businesses and control holdings abroadExecutor
2-3. Liabilities and net assetsExecutor
4-5. Exemptions and reliefsExecutor
6. Other assets outside the UKExecutor
7-8. Liabilities and net other assetsExecutor
9-10. Exemptions and reliefs on other assetsExecutor
11. Foreign willExecutor

How to fill out IHT417 Foreign assets, step by step

1 Page 1: the deceased and box 1

Enter the deceased's name, date of death and IHT reference. Box 1 lists foreign houses, land and buildings, businesses and shareholdings that gave control of a company: a description and locality, the value in foreign currency, the exchange rate and the sterling value for each, with the total.

2 Boxes 2 to 5: debts, exemptions and the net total

Box 2 lists the liabilities against the box 1 assets; a loan charged on a foreign property that arose in the UK goes on IHT400 box 80 instead. Box 3 is box 1 minus box 2 (0 if it is a minus amount). Box 4 lists the exemptions and reliefs, and box 5 is box 3 minus box 4, which you copy to IHT400 box 97.

3 Boxes 6 to 10: other foreign assets

The same steps for other assets abroad, such as bank accounts and cryptoassets: the assets in box 6, liabilities in box 7, the net figure in box 8, exemptions and reliefs in box 9, and the net total in box 10, which you copy to IHT400 box 98.

4 Box 11: a foreign will

Say whether any of these assets are distributed under a foreign will, and if so in which country.

Common mistakes to avoid

Converting at the wrong rate or date: the notes say to use the rate at the date of death, generally the closing mid-point for major currencies.
Leaving out the value in the foreign currency, so HMRC can't see how the sterling figure was reached.
Putting jointly owned foreign assets on IHT404 instead of IHT417.
Deducting a UK loan secured on a foreign property here rather than at IHT400 box 80.
Treating the Channel Islands or the Isle of Man as part of the UK.
Forgetting to copy boxes 5 and 10 to IHT400 boxes 97 and 98.

After you fill it out

Check the schedule and the totals against your valuations.

Copy box 5 to IHT400 box 97 and box 10 to IHT400 box 98, and send the schedule with the IHT400 and your supporting documents. FileIt doesn't send anything for you.

If tax similar to Inheritance Tax was paid abroad, the notes say you may be able to deduct double taxation relief; the IHT400 Calculation shows how.

Fill out IHT417 Foreign assets online with FileIt

Pick the person. Choose someone from People and FileIt fills in their name, date of birth, address and other details it already knows.
Answer plain-language questions. One part of the form at a time, with the official help text beside each question — 135 fields in all. Your answers save as you go.
Check the live preview. Watch your answers land on the real HM Revenue & Customs form, and let FileIt do any worksheet arithmetic.
Generate the official PDF. FileIt prints your answers into the agency’s own PDF and files it in that person’s folder in your vault.

FileIt fills the form — it never files or submits anything for you. Deliver the finished form to whoever asked for it, the way the form’s instructions say.

Start IHT417 Foreign assets now — it’s free

IHT417 Foreign assets: frequently asked questions

Which deaths does IHT417 cover?

For a death on or after 6 April 2025, it is for a deceased who was a long-term UK resident and owned assets abroad. For a death on or before 5 April 2025, it is for a deceased who was domiciled, deemed domiciled or formerly domiciled in the UK.

Are the Channel Islands and the Isle of Man foreign?

Yes, for Inheritance Tax. The form says they are not in the UK, so assets there go on IHT417.

How do I convert foreign values to sterling?

Show the value in the foreign currency at the date of death, then how you converted it. The notes say major currencies should generally be converted at the closing mid-point in the 'Pound Spot Forward against the Pound' table, and less common ones at the rates in the FT Guide to World Currencies.

What if box 3 or box 8 is a minus amount?

Write 0, and read the IHT400 notes on how to deal with a deficit. If box 3 is 0, box 5 is 0; if box 8 is 0, box 10 is 0. FileIt does this for you.

Does FileIt send the schedule to HMRC?

No. FileIt fills in the official IHT417 PDF. You send it with the IHT400 yourself.

Official sources

Blank form (PDF), published by HM Revenue & Customs: https://assets.publishing.service.gov.uk/media/6952472e1850a551c35c4029/IHT417_Fillable.pdf
Official instructions and guidance: https://www.gov.uk/government/publications/inheritance-tax-foreign-assets-iht417
Edition shown on this page: IHT417 HMRC 12/25 (checked 2026-10-25).

FileIt is not affiliated with or endorsed by HM Revenue & Customs or any government. This page explains the form in general terms and is not legal, tax or immigration advice. Always read the official instructions, and check that you are using the edition the recipient accepts. Page last reviewed 2026-10-25.