Hi
Could you advise me, is IHT calculated on the value of the assets at time of death. I.e. the property value on the day the person dies, or is it calculated at what the property is valued at, at some time in the future.
My position is:
My father died, his house has a market value at time of death of £230.000.
But there is a roomer that at some time in the future a developer may be looking to buy some of the rear garden.
Would this have any bearing on the house value as at this point no offer has been made and no developer has approached us?
Regards
Paul
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