pounds. This was incorrect, because its actual value was around 200,000.
Currently our property is at around 1.1 million pounds. That's the
sale price of one of our neighbours a few months ago, whose house is
similar to ours. However, other houses are selling at 1.3 million
Is declaring a price for a house for inheritance tax purposes a matter
of guesswork, can I quote my house at 1.1 million, or are there rules
governing the declared price?
I could ask a lawyer, but I would like advice from this group please.
- posted 1 year ago