I filed an IHT400 but omitted to include an asset of fairly high value. Due to the value of what I thought the estate was, I did not claim the residence relief which was available.
There is no inheritance tax payable with the additional asset provided I can now claim the residence relief.
Do I need to file a Corrective Account with HMRC declaring the asset and claiming the residence relief?
The Grant has also been issued so do I need to file a new application with the amended figures?