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Posted Mon, 03 Jun 2024 19:34:15 GMT by TomB
Form IHT 405 Houses asks if we intend to sell properties within 12 months of date of death. Is it a must to fill this out and stick to the answer? We think we will not manage within 12 months as it took us almost 6 months to clarify the estate and debts and according to HMCR it takes 5 months on average until probate can be approved. What are the implications if we answer no? Is it a problem if nevertheless try to sell asp. after probate. Are there exceptions to have more than 12 month time? And what might be the advantages/disadvantages to include it in probate time? Thank you!
Posted Wed, 05 Jun 2024 13:52:43 GMT by HMRC Admin 20
Hi TomB,
Unfortunately we cannot assist you with Inheritance Tax queries on this forum, please visit How Inheritance Tax works: thresholds, rules and allowances for further information or contact Inheritance Tax directly by visiting Inheritance Tax: general enquiries .
Thank you.

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