Residential property often represents a significant portion of the value of a deceased estate. An accurate assessment is therefore necessary to assess inheritance tax. Residential property valuations peg that value as on a particular day. Residential Property … [Read more...]
Truth Behind RICS Property Valuation
Probate is a legal term for the management of a deceased estate under government guidelines. This includes valuing any property, and settling any inheritance tax due. This process may be more than meets the inexperienced eye. This because HMRC wants to know the true … [Read more...]
RICS Property Guide to Flooding
The RICS property guide to flooding explains the specific protection and adaption measures, that a prudent executor should take. This applies particularly to instances where there are delays in winding up an estate, and they find themselves acting as curator. RICS … [Read more...]
RICS House Probate Valuation Easily Explained
There are so many explanations for RICS probate property valuation in UK, it is not difficult to become confused. You may even wonder if some lawyer is trying to tangle you up in knots, although that should not be the case. We prepared this simple guide for Avery … [Read more...]
Probate Valuation of a Property
A probate valuation of a property is a legal requirement that must be fulfilled before winding up an estate. It ought to be a sober reflection of what the property might fetch, without undue pressure on either party. Tax officials may scrutinize this value to make … [Read more...]
Things to Remember with RICS Property Valuations
A property’s value should reflect the present worth of the future benefits of owning it. This influences key factors including raising finance, taking adequate insurance, and distributing shares of a deceased estate in turn. Therefore, this is not something we should … [Read more...]
UK Property Boom to End This 2023
There’s a lot to be said to listening to what Royal Institution of Chartered Surveyor members (RICS) say about property prices. Rather than absentmindedly hearing what estate agents think. That’s because RICS bases its opinions on hard facts, when it says the UK … [Read more...]
Valuing Chattels and a House for Probate
You have to get permission (solicitors call it probate) before you can wind up a deceased estate. The UK government will not provide this permission, until any inheritance tax due is settled. HMRC calculates this duty based on the value of the estate. This post … [Read more...]
Should Hoarders See a Doctor?
Hoarded homes can be a real challenge when we arrive to do a RICS property valuation for a deceased estate. Sometimes we can’t even reach into some spaces to do a proper assessment. More than a few clients ask us whether they made a mistake to look past the evidence. … [Read more...]
Probate Valuations by RICS Authorised Surveyors
The UK Government wants its slice of the cake, if any on offer before creditors and inheritors stake their claim. This presents the obvious temptation to keep property value low, although no wise executor would attempt that! Today we debate the wisdom of probate … [Read more...]