When someone dies, any land and buildings they own are included in their estate and may be subject to Inheritance & Probate Tax. If so, the valuation of the estate must be conducted by a chartered surveyor with the relevant experience of the particular asset class. The valuation should reflect the value of the property at the time of death. We are experts in valuing property for probate. So we can give you an accurate representation of how much inheritance tax you will have to pay.
Our Chartered Surveyors can provide you or your advisers with the relevant report for all types of residential and commercial properties. You should note that any fees associated with formal valuation advice can be offset against the value of the estate.
The types of properties which may need a surveyor's valuation could include:
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