House value on probate form if tenant in common

Rayray1417

Hi everyone.
Really hoping someone can help me. My dad recently passed away. He owned his house as a tenant in common with his two siblings. His third has now been divided up between me and my sisters. We're trying to fill out the probate form. Under house value, it says 'if solely owned or as tenant in common' which I'm guessing dad falls under. Now do we put the full house sale price down which was 450k, or do we put his third down which was £150k? We know we aren't liable for inheritance tax, but not sure which amount we need to put down on the form.

Thanks so much for any advice.

Rodders53

IHT 206 - The quidance notes - tells you how to do this... https://www.gov.uk/government/publications/inheritance-tax-return-of-estate-information-iht205-2011

"You should list each asset held as tenants-in-common in box 13, give the value of the whole of the asset, and state the deceased's share, for example half, third, etc.
You should then include the value of the deceased's share of an asset owned as tenants-in-common in the relevant box in section 11."