Death and Personal Representatives: Valuation of assets at date of death and associated liaison with Specialist PT-IHT: Ascertained values: Valuation of assets: ascertained values: form of enquiry
In most cases, you will not need to check a valuation of quoted shares, see CG59500 and CG59517. Where, exceptionally, you have reason to check a valuation of listed shares, a form CG29 should be completed in accordance with CG59517. Any discrepancy between the reported figure and the value used in the computation should be taken up with the taxpayer or agent as appropriate.
You can find out if the value of an asset has been ascertained by contacting HMRC– Trusts and Estates IHT. You should contact HMRC- Trusts and Estates IHT and give
- the full name of the deceased
- the date of death
- a clear description of the asset involved.
HMRC- Trusts and Estates IHT have to retrieve files from an off-site store. For requests made in December and January they cannot guarantee that they will be able to respond in time to inform your decision as to whether to open an enquiry.
Where you are told that the value was ascertained, and the value agrees with the figure used in the computation (after any adjustment to reflect a part share or holding of the asset see CG32230) you may accept the value in the computation. Where the ascertained value differs from that in the computation, you should make appropriate enquiries to reconcile the discrepancy.