Hi,
Please can someone help with this issue. I am getting a RICS person to value my recently deceased parents property in order to fill in the IHT 400 form and then sell the house. My questions is, as the property is a little unusual in its location, it maybe difficult to value accurately. If the house sells for substantially more or less than the valuation, how is this handled? I had read that as long as the property is valued near the date of death by member of RICS, any variation in sale price is a CGT issue and the IHT remains the same? Is this correct?
Many thanks in advance.
L
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