Executors and solicitors acting on behalf of a deceased estate are often required to commission an independent ‘probate valuation’ of art, antiques and other personal effects in order to assess Inheritance Tax (IHT) liability with HM Revenue & Customs (HMRC).
Coram James Ltd regularly carries out probate valuations of chattels, in accordance with Section 160 of the Inheritance Tax Act 1984, and deals directly with executors to help arrange a probate valuation of the deceased’s estate. Our estate valuations for Inheritance Tax assessment list art, antiques, jewellery and general house contents with all work being compiled by a RICS qualified art and antique valuer.
We have a specialist team of valuers handling probate valuations of chattels for the assessment of inheritance tax liability. All IHT valuations (Estate Valuation Reports) are HMRC compliant and our probate valuations are prepared quickly and discreetly by a specialist probate valuer.
All the members of our team are experienced probate and estate valuers and are happy to offer professional advice on all aspects of estate administration and will answer any questions regarding the valuation of estates. We also advise executors and trustees on valuations of chattels for Capital Gains Tax, the Acceptance in Lieu scheme, Conditional Exemption and advise on sale at auction, private treaty sales and rental agreements.
Our fees are very competitive and can be agreed before any work is carried out.
Coram James is regulated by The Royal Institution of Chartered Surveyors (RICS) which ensures high professional standards and strict codes of conduct. All work is Red Book compliant.