It's your funeral if you try to cheat HMRC on property values | Money | The Guardian

It's your funeral if you try to cheat HMRC on property values | Money | The Guardian

Homeowners will often talk up how much their house is worth, particularly when they are trying to sell. But as soon as someone drops off their perch, their heirs seem to start talking the value down.
It is perhaps understandable that next of kin are keen to make sure they don't hand over too much inheritance tax (IHT) to the government. But be warned: the taxman can, and will, challenge the valuation of a property if they think the stated amount is suspiciously low.
Figures issued today show that HM Revenue & Customs (HMRC) has increased by 26% the amount of extra IHT it receives by successfully .....