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Inheritance Tax

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Marky101 | 11:49 Mon 17th Jun 2024 | Law
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can gross value of estate for iht and gross value for probate be the same? 

Just can't work out the difference. 

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Avatar Image ToraToraTora

They can be but some things are not IHT liable.

11:52 Mon 17th Jun 2024
Avatar Image barry1010

Good, clear explanation here 

https://www.tollers.co.uk/do-i-need-to-value-an-estate-when-someone-dies/#:~:text=taken%20into%20consideration.-,Gross%20and%20net%20values%20for%20Probate%20purposes,to%20the%20surviving%20joint%20owner).

11:59 Mon 17th Jun 2024

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