IHTM21012 - Household goods and personal goods: investigating form IHT407: investigation issues

The instructions on valuing household goods are found at (IHTM21041). You will need to:

• Make sure any unsold items in the estate are realistically valued. You should concentrate on the higher value items or estates, where any adjustments in value are likely to be larger.
• Satisfy yourself that the value offered for household goods seems consistent with the value and nature of the deceased’s main residence, the estate as a whole and the taxpayer or agent’s comments.

The IHT407 will help you to make informed decisions about the values offered. Depending on the value of the estate, you may wish to ask the taxpayer or agent for details of any proposed sales.