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Increase in Estate Value After Grant of Probate

Answer
simondaviesy2k
Posted Wed, 11 Sep 2024 11:57:30 GMT by simondaviesy2k
I am executor of an estate that was valued at £152k in 2017, I submitted for IHT205 as no IHT was due. A compensation is now due to the deceased (his estate) which will take the value to £189k, still below IHT Threshold. Do I need to advise HMRC and if So how? Do I need to get a revised Grant of Probate and if so how? Thanks Simon
Answer
HMRC Admin 18 Response
Posted Mon, 16 Sep 2024 11:46:51 GMT by HMRC Admin 18 Response
Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.

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