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Share price over-stated on IHT411 (and IHT overpaid as a result)

itm2
Posts: 1,415 Forumite



A few weeks ago I submitted IHT411 to HMRC, and paid all IHT due on my late mother's estate. I have just become aware that I mis-quoted the share price of one the shareholdings (£4.40 when it should have been 44p), and hence over-stated the value of the shares by £1,730. So I paid about £692 too much IHT on the overall estate. Probate has since been granted and the estate has been distributed (which is when I discovered my error).
Is it possible to retrospectively correct IHT411 to reclaim the overpaid IHT?
Overall, the amount recovered from savings exceeded the amount declared for IHT by about £8k (due to interest paid and increases in stock prices).
Is it possible to retrospectively correct IHT411 to reclaim the overpaid IHT?
Overall, the amount recovered from savings exceeded the amount declared for IHT by about £8k (due to interest paid and increases in stock prices).
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Comments
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Yes you can using form C4
https://www.gov.uk/government/publications/inheritance-tax-corrective-account-c4
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