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Inheritance Tax

Inheritance Tax Valuations

Inheritance Tax is paid if a person’s estate (their property, money and possessions) is worth more than £325,000 when they die. This is called the ‘Inheritance Tax threshold’ (different thresholds apply for different years).

In order that HMRC can calculate how much inheritance tax is owed, a professional valuation of the assets of the deceased, including any property they own, should be undertaken. HMRC prefers valuations undertaken by professional surveyors as the valuation must be “properly executed and based on the full circumstances relating to the property in question”.

Our valuations are undertaken in accordance with Section 160 of the Inheritance Tax Act 1984 and RICS Guidance Note 3. Our valuation report will not only provide our valuation of the property at the required date, but will also give supporting evidence as to how we reached that figure.

After you have received your report and should the valuation be disputed by the District Valuer, it may be necessary for us to negotiate with them on your behalf. With over 30 years of experience of the Central London property market, we are well positioned to robustly argue your case.

Call us today to discuss your case.