HMRC internal manual

Inheritance Tax Manual

Household goods and personal goods: investigating form IHT407: introduction to form IHT407

Form IHT407 is a supplementary schedule to the IHT400 (IHTM10021). On the form, we ask the taxpayer or agent to:

  • provide values for individual or specific groups of items (where a professional valuation is not provided)
  • tell us if any sales have been made.

If any items have been sold, we ask the taxpayer to state the gross sale proceeds and, when the sale of any item has been for less than the market value, we instruct the taxpayer or agent to include the full open market value on the IHT407.

We ask the taxpayer or agent to attach a copy of any professional valuation they may have obtained.