IHTM31181 - Assessing: COMPASS: calculations: initiation

To raise a calculation you must first select the appropriate case record from the COMPASS Case Index, then select 바카라 사이트楢mend바카라 사이트� from the main menu and choose 바카라 사이트榚state바카라 사이트� from the drop down list to open the 바카라 사이트楨state Details바카라 사이트� window.

From the Assessment menu you can now select 바카라 사이트楻aise바카라 사이트�. This will open the 바카라 사이트楥alculation of Inheritance Tax바카라 사이트� window (IHTM31182) for the death estate. From here, COMPASS will generate calculations for all the assessment groups at the death estate Entries.

Example

If you have

  • Entry A: Free Estate NIOP (IHTM31012), IOP and IOP (WIP)
  • Entry B: Will Trust NIOP and IOP
  • Entry C: GWR at death NIOP

COMPASS will raise six calculations in that order.

Lifetime Entries

If you have lifetime transfers which are chargeable in their own right, COMPASS will not include them after the death estate. So you must

  • go back to the Case Details window and select the appropriate Entry for each lifetime transfer,
  • then raise the calculations by selecting 바카라 사이트楻aise바카라 사이트� from the 바카라 사이트楢ssessment menu.

You must raise the calculations for each lifetime entry separately, unless the transfers were made on the same day, in which case

  • COMPASS will aggregate them,
  • apportion the tax between them, and
  • raise a calculation for each assessment group