Household and personal goods: introduction
This section of the manual tells you how to deal with assets disclosed on form IHT407 - household and personal goods. It explains the legislative basis for valuation - IHTA84/S160 - and tells you how to deal with jointly owned (IHTM15000) household and personal goods and lifetime gifts (IHTM14000) of these items. It looks at what to do with household goods held in trust (IHTM16000) and situated overseas (IHTM27031).
This section also looks at the various types of asset you might find included on form IHT407 and tells you where you can get advice on valuing these items.