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Inventory for Confirmation Scotland

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  • g6jns_2
    g6jns_2 Posts: 1,214 Forumite
    Faith177 wrote: »
    Thank you all so much for your comments I feel a lot happier now.

    It just seems such a complicated process for such a small estate lol

    It's just the fear of it being the HMRC that's making me panic
    Unless the estate is close to or above the IHT threshold they wil just rubber stamp it. A tiny percentage do get fully checked.
  • Beancounter
    Beancounter Posts: 1,076 Forumite
    I have a solicitor doing this for me and she has put everything down as a flat £1000 which is probably a little generous if anything but the total estate is only £135K so not a problem.
  • [Deleted User]
    [Deleted User] Posts: 12,492 Forumite
    10,000 Posts Combo Breaker
    I used half the house contents insurance, there were two of us. If a sole owner then surely the house contents value will do
  • Keep_pedalling
    Keep_pedalling Posts: 20,752 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    kittie wrote: »
    I used half the house contents insurance, there were two of us. If a sole owner then surely the house contents value will do

    Normally contents insurance is for more than the actual value as if you have a fire or get burgled you want to replace the losses items, which may have little value with new stuff. Having said that if the estate is well under the IHT threshold it does not matter if you over estimate the value.
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