Inheritance Tax Property Valuations

House Valuations for Probate in the UK
When a loved one dies, a house valuation is one of the first steps that is taken in the probate process. This process is often conducted by appointed executors who are to carry out the desires of the deceased, as stated in their will. House valuations for probate are necessary in order to file inheritance tax if the deceased’s property is worth more than £325,000. This valuation must be submitted to HMRC as part of the estate assessment. We provide our clients with a quality probate valuation process; our RICS Registered Valuers will work with you throughout the process, and will also guide you through any and all necessary forms. At Crest Chartered Surveyors, our utmost priority is to make the valuation process as easy as possible during a difficult time.

How Much Does an Inheritance Tax Property Valuation Cost?

At Crest Chartered Surveyors, we offer a quality service that you can trust, whilst always providing the quickest and most cost-effective solutions for your survey and valuation needs.

Our Inheritance Tax Property Valuation prices start from £450, inclusive of VAT.

FAQs

Unlike other forms of valuation, probate valuation is required by law, and it is important to get it right. Inheritance Tax Property Valuations submitted to HMRC pass through a high level of scrutiny, and financial penalties may be imposed if HMRC discovers that the true value of the property is greater than the value presented.

For the purposes of probate, the property’s value is calculated as a regular property valuation, to determine its open market value - what it might reasonably sell for if it was sold to a willing buyer on the open market.

An Inheritance Tax Property Valuation will usually take anywhere from 30 minutes to a couple of hours, depending on the size of the property and any particularities associated with the property. Crest Chartered Surveyors aims to deliver all valuation reports within 6 working days of valuation.

Book Chartered Surveyor For Valuations

For more information on Inheritance Tax Property Valuations, or to book a valuation, contact Crest Chartered Surveyors today, and one of our experts will be happy to help.