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Changing value of property on submitted IHT forms
Sinc19
Posts: 75 Forumite
I submitted the IHT forms a while ago, but I was wondering - how would I go about amending what was entered on the forms for the value of my parent’s house? I used the average of 3 or 4 estate agent’s probate values, but I think it is a bit conservative. The estate falls easily below the thresholds to pay any tax, but I was thinking of when we eventually come to sell the house, we may incur CGT due to the conservative probate value stated.
I would be most grateful for any advice that anyone can provide.
I would be most grateful for any advice that anyone can provide.
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Comments
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I think C4 is the appropriate form - Inheritance Tax: corrective account (C4) - GOV.UK (www.gov.uk)1
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Thanks for your reply. I will have a look at this.jsatellite said:I think C4 is the appropriate form - Inheritance Tax: corrective account (C4) - GOV.UK (www.gov.uk)
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