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House valuation for IHT400
Robin77Wren
Posts: 5
Forumite
It looks like my mother's estate may just tip over £650k (my father died earlier this year). If it does, I will need to fill out a IHT400. Tomorrow I have three estate agents coming round to value her house, but if I need to fill out IHT400 is this considered sufficient? I believe I'll be entitled to RNRB, and the IHT calculator is saying no IHT will be due. Thanks in advance for your advice.
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Comments
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As you will be way under the value that IHT would start kicking in this should be fine. I would declare the heist valuation to minimise the chance of getting caught with a CGT liability.1
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