A probate valuation report must be presented to HMRC in a format that clearly identifies the assets being valued, confirms the basis of valuation, and provides a defensible open market value as at the date of death. The report must comply with Section 160 of the … [Read more...]

A probate valuation report should be HMRC-compliant, prepared by a RICS-accredited valuer, and comprehensive enough to support an accurate Inheritance Tax calculation without dispute. For solicitors managing estate administration, the quality of a valuation report … [Read more...]

A retrospective valuation is a formal assessment of an asset's value at a specific point in the past rather than at the present date. In probate, this means valuing property, chattels, and other estate assets as they stood on the date the deceased died, not when the … [Read more...]

A probate valuation supports completion of the IHT400 form by providing the verified, open market values of the deceased's assets at the date of death, which are entered directly into the relevant schedules of the form. Without accurate, professionally prepared … [Read more...]

Solicitors managing probate valuations across multiple properties coordinate by instructing a single RICS-accredited valuation firm to assess each property at its open market value as at the date of death, in strict compliance with Section 160 of the Inheritance Tax Act … [Read more...]

Probate valuation compliance in England is governed primarily by Section 160 of the Inheritance Tax Act 1984, which requires that all assets forming part of a deceased estate are valued at their open market value as at the date of death. This obligation applies to both … [Read more...]

Probate valuations for rural or agricultural properties are more complex than standard residential valuations because they involve multiple asset classes, specialist legislation, and reliefs that do not apply to ordinary estates. A rural estate may include farmland, … [Read more...]

To register a death in the UK, you will need the medical certificate of cause of death (MCCD), issued by the attending doctor or a medical examiner. In most cases, you will also be asked to provide the deceased's birth certificate, marriage or civil partnership … [Read more...]

When someone dies in the UK, you are legally required to register the death with the local register office within five days in England, Wales, and Northern Ireland, or within eight days in Scotland. Once registered, the government's Tell Us Once service allows you to … [Read more...]

In the UK, the responsibility for registering a death falls on the closest available relative of the deceased. If no relative is available, the duty passes to someone else who was present at the death, the occupier of the premises where the death occurred, or the person … [Read more...]