Inheritance Tax / Probate
The dates involved in a probate valuation are usually retrospective and can go back many years. These types of valuations require excellent judgment and skill in determining an accurate figure. Once a grant of probate is given, representatives of the heirs often turn to the selling agent for advice on what would be a realistic selling price.
What and Why?
It is now strongly encouraged by HMRC that a professional valuer be used in order to ensure that the valuation submitted is as accurate as possible.
As the valuation is such an important aspect of the probate process an experienced professional valuer should undertake it, since this would be more apt to satisfy HMRC.
