IHT 407 Household goods valuation

lolbim

Does anyone know if there's a minimum valuable of a personal possession, when declaring , ornaments, paintings, furniture. Define  what's may be judged as a work of art, antique??  Anymore guidance?......  Page 1  relates to jewellery, and you only detail if individual items are valued at £1,500 or more .
Thanks

getmore4less

I recall seeing £500 mentioned somewhere in a guide( not going looking). 

Be sensible add it all up and be ready to justify if HMRC come knocking for a list, only likely to happen if IHT is due. 


Can always group stuff if the total number looks too big.

JGB1955

'Nil' would be accepted. It cost us £720 to rid the house of my father's possessions.