We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How to get a lower-end property valuation?
Options
Comments
-
The OP is not talking about their home, so yes gifting a property can reduce IHT providing you keep breathing for 7 years after making the gift.Brie said:Hopefully the property wasn't gifted to get around IHT as I don't think that will work.
Trying to get a low valuation from an estate agent to reduce the level of CGT may very well trigger a challenge from HMRC though.0 -
HMRC often refer taxpayers' CGT valuations to the District Valuer (part of HMRC which values property for central and some local government departments). So don't waste your time trying to get an artificially low valuation.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards