Probate Valuations

Inheritance Tax Assessment (IHTA) for solicitors, executors and beneficiaries

Probate Valuations

Through our partnerships, we provide a complete probate valuation service for the purposes of assessing an Inheritance Tax provision for executors, solicitors and trustees. We have a rapid turnaround time and our charges are time-based. Most IHTA valuations will cost in the region of £600 plus VAT.

Regulatory considerations

Recent changes in the way that HM Revenue & Customs (HMRC) deal with probate valuations has increased the need for detailed inventories to satisfy the conditions of IHTA 1984 – Section 160. Our probate valuations will help with the completion of IHTA 400.

Our Valuers have been providing probate valuations for over 30 years and have extensive access to all of the major databases which provide the most up-to-date information available for antiques and fine art. We comply with, and follow, the Royal Institution of Chartered Surveyors (RICS) valuation standards, the ‘Red Book’, guidance on valuation preparation.

Valuation process

We recommend that general view photographs of the rooms be taken, together with more detailed images of any specific higher-value items in the estate. These are kept on record for clients to access should the need arise.