IHTM43063 - Other issues: requests to revise values included on the first death

The introduction of transferable nil rate band will sharpen the focus on the value of assets included on the first death that pass to beneficiaries other than the spouse or civil partner. If the agents seek to revise values previously submitted before the death of the survivor, you should explain that there is no need to do so at this stage and decline any invitation to agree, say, the value of a house. If and when it is relevant on the survivor’s death, you should ask the agents to use the revised values they consider should apply when submitting the claim, and to explain why they are using a value that is different to that used on the first death.