Capital Gains Tax Advice

[GrannyD57]

My father’s property was subject to probate in 2008 and was valued on the assumption that there was an agricultural tie, so valued at a third less than open market value. We have since found out that there is no evidence of a tie and the local council have accepted that. Either way no IHT would have been due. We have now accepted an offer is £200k more than the probate value and so there is a potential large CGT bill. Who can best advise us on how to get the probate value revised and the gain lowered? Solicitor or accountant?
Thank you.

The valuing surveyor was duped then and should have done research. The executor should have been more aware of the need to ensure the info was correct too.

I would contact an accountant first. I’m not sure you can alter a probate valuation 11 years on. I doubt it. I believe there is a time limit. I know you can put expenses against CGT so again the accountant could help.