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In this year’s Budget statement, the Chancellor of the Exchequer confirmed that the threshold at which Inheritance Tax becomes payable would be increased to £312,000 as part of the Finance Act 2008. We have therefore amended the PROPEP form to refer to the new Inheritance Tax threshold of £312,000 in respect of deaths occurring on or after 6th April 2008. PROPEP can be used in conjunction with forms PRO4, PRO4B, PRO5, PRO8, PRO9, PRO11, PRO12, PRO13, PRO14 and PRO16 in respect of applications made on or after 6th August 2008. This form replaces PROPEP2007 which therefore needs to be removed form your system(s). We have also amended forms PRO4B, PRO5, PRO8, PRO8A, PRO9, PRO11, PRO12, PRO13, PRO14 and PRO16 so that the postcode can now be entered as a database entry in the top right hand corner of the forms. These forms can be used immediately. If you are not using Active Library, you will need to manually delete some forms. For deletion instructions, click here