Accurately assessing property is essential for executors distributing the assets in a deceased estate. Land and buildings are often the late person’s most significant wealth. Moreover, their value usually dictates whether inheritance tax is due, or not. Property … [Read more...]
Focus Points of RICS Inspections
On-site property inspections by valuers certified by The Royal Institution of Chartered Surveyors (RICS) are thorough. That's because surveyors do far more than average realtor estate agents may even contemplate. We delve into the main focus points of RICS inspections … [Read more...]
Property Law and Ownership in England
Two laws form the backbone of property law and ownership in England. They are the Law of Property Act 1925, and the Land Registration Act of 2002. We provide an overview of these two pieces of legislation, and then proceed to discuss the broader aspects of English … [Read more...]
Comparable Evidence In Fixed Property Valuation
Identifying, sourcing, and applying objective evidence lies at the heart of any valuation, be it real estate or personal chattels. Comparable evidence in fixed property seeks to apply these principles using similar fixed assets. However, this is rarely an exact science, … [Read more...]
Residential Property Valuations By RICS Surveyors
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
RICS Probate Property Valuation RICS Red Book Property Valuation - 100% Guaranteed Reports 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 … [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...]
