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) effects and lifetime gifts (
IHTM14000) of such items. It looks at
what to do with household goods held in trust (
IHTM16000) and situated abroad (
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.
