RICS Valuations

Inheritance Tax Valuation

An inheritance tax valuation is a valuation undertaken by an RICS qualified chartered surveyor and is used to determine the tax that must be paid on an estate before it passes on to the beneficiaries. The general rule for inheritance tax purposes is that the value of any property is the price it might reasonably be expected to fetch if sold in the open market at that time, the so-called Market Value. 

If the total estate exceeds the Inheritance Tax Threshold £325,000 in 2024), tax may be due at 40% on the amount above this limit. Executors or administrators are responsible for obtaining an accurate valuation, often requiring professional appraisals for property and valuable assets.

If you need an Inheritance Tax valuation please give us a call on 01562 821600 and we can arrange this for you. 

Prices for the report start from £600 Plus VAT. Prices vary depending on the size on the property.