Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Valuation of assets: ascertained values: meaning of `ascertained'

A value cannot be regarded as `ascertained’ unless Specialist PT - IHT have used that valuation in order to arrive at a final charge to Inheritance Tax and the precise amount of the liability was dependent on that valuation. Furthermore in cases where the liability to IHT is relatively small, in order to avoid the need for expensive valuations which have little effect, Specialist PT -IHT may make it clear to the personal representatives or agents that the value has not been agreed, and therefore has not been ‘ascertained’.