Probate & Inheritance Tax Valuations of Chattels
Valuations for Inheritance Tax purposes, often called "probate valuations", are an important part of administering an estate.
Executors and solicitors are often required to commission an independent probate sale valuation of art, antiques, jewellery and personal effects in order to assess Inheritance Tax (IHT) liability with HM Revenue & Customs (HMRC).
We regularly undertake probate valuations for solicitors, executors and beneficiaries. Our valuations of jewellery, antiques and Inheritance Tax Valuations of Chattels are done in accordance with Section 160 of the Inheritance Tax Act 1984. The work is HMRC compliant and undertaken sensitively and discreetly by a RICS qualified art and antiques valuer.
We also advise executors and trustees on valuations of chattels for Capital Gains Tax, the Acceptance in Lieu (AIL) scheme and Conditional Exemption.
Following grant of probate, we can arrange for the sale of some or all of the contents of a property either via auction or a private sale.
Our extensive network of contacts, Internationally and within London and provincial salerooms, the trade and private collectors will ensure that your items are exposed to the right buyers to achieve the very highest prices.
We can also deal with any subsequent house clearance and ensure that the property is left broom clean.
Probate sale valuation costs
Our fees are extremely competitive and will be based on the time required to undertake the valuation.
Testimonial
“We were very grateful for all your help with the probate valuation and subsequent consideration in keeping us informed and advising us about the best course of action to take. From the very start, when you came to look over everything at the house in Ferring, we felt we were in safe hands. Obviously we were delighted and, quite frankly, astonished at some of the prices achieved at the different auctions. Thank you for all your help, expertise, and advice along the way.”
Maggie Gibson, London.
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