Commercial Valuations:

Probate (Inheritance Tax) Valuations

Probate Valuations

Getting a Probate Valuation can often be an exceptionally stressful time due to the circumstances under which these are often needed.

Marwood Surveyors are aware that when people need probate valuations, it is often a difficult and stressful time. Both our person-focused approach to clients, and RICS approval, mean you will feel assured and supported throughout the process.

Marwood Surveyors are aware that when people need probate valuations, it is often a difficult and stressful time. Both our person-focused approach to clients, and RICS approval, mean you will feel assured and supported throughout the process.

What is a Probate Valuation?

A Probate Valuation is needed in order to calculate inheritance tax on a property, based on its market value.

This type of valuation is prepared to a criteria that the Inland Revenue and Valuation Office Agency will need to view, to determine (whether or) how much, tax you will need to pay.

Valuing an estate for probate is one of the first things that needs doing if you are acting as the executor or personal representative in the case of someone dying.

However, a Grant of Probate will first be needed in order for the executor or personal representative to gain access to the assets within the estate for valuation purposes.

This valuation serves to inform the subsequent application paperwork for probate, and to demonstrate whether or not any Inheritance Tax is due.

To ensure your Probate Valuation is accurate, it is strongly advised you use a professional RICS registered valuer, such as us at Marwood Surveyors.

This source material has been based on information available at: HMRC Website.

How much does a Probate Valuation cost?

Please contact us for a personal quote.

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