Jacqueline Lavers
Joined: 6/9/2024
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Grant of probate, if property sells for more than submitted
Hi there I am completing the Grant of Probate for my mums estate which includes her property. We have been given a valuation £500K, The Estate Agent has said that it could sell for more or less depending on market fluctuation. We are about £10K under the threshold for inheritance tax on if we use this valuation,. If I get the Grant of Probate and then the property sells for say.... £25K more, would there be any tax implications for CGT or IHT?