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...]
Probate News – Difficulties Facing RICS Registered Valuers
Avery Associates, specilists in all matters concerning valuations for probate give you our latest blog by Kieth Fraser (MRICS) who writes about the difficulties facing RICS registered valuers.... When valuing property according to the RICS ‘Red Book’, one of the most … [Read more...]
How To Value Property For Probate Purposes.
Unfortunately, because 40% tax is payable on inheritance over £325,000, valuing a property for probate purposes is an emotive issue. Why Pay Inheritance Tax On The Property Of course, there is an argument that says, why should any inheritance tax be paid at all? No … [Read more...]
