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Original poster

IHT value of house for probate

2 replies

MacaroniBaloney · 09/10/2022 10:36

DF recently passed away. The house was owned by him an DM as tenants in common. When she passed her estate moved to myself in a will trust.

For probate, what do I use for value. The estate agents estimate at 100%, or 50% to represent the ownership % my DF had in the property?

OP posts:
over50andfab · 09/10/2022 10:46

Probate includes everything that belonged to your DF. If the tenants in common agreement was drawn up at 50% then use 50% of the valuation.

Original poster
MacaroniBaloney · 09/10/2022 13:15

Thank you so much. This will mean no IHT and I can proceed as an excepted estate.

OP posts:
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