Can I change probate value after sale?

[LauraS]

Hello all - I'd really appreciate some clear advice if at all possible.

My mum passed away in early October 2017, leaving her daughters her semi-detached home. At the time we had it valued by two local estate agents for probate - we were pretty certain it wouldn't go near IHT thresholds, and we were right. It was valued at £250,000 which we registered for probate.

Fast-forward five months to March 2018, when we had the property valued for the market. These valuations came in at between £330 - 360K, and it has subsequently just completed on a sale of £340K.

Obviously there is a clear, significant discrepancy between the valuation at death and valuation at the point of going to market (March) and sale - an increase of over 35% in five months, with no work other than maintenance under-taken on the property in the intervening period. We still aren't liable for inheritance tax, but we do now have a CGT bill. We think the change in property value is so significant as to make us want to query the original valuation and, if appropriate, change it.

My question is - can we do this, and if so, how would we go about it?

Many thanks in advance for any advice you can give.

[maths]

see other duplicate post

[LauraS]

Thank you - have done and have replied there. Much appreciated!