John Goodwin are RICS approved valuers and we are very experienced in providing professional valuation reports to assist with probate and insurance matters.
Inheritance tax (probate) valuations
‘Open market’ valuations are provided to assist with probate matters in accordance with section 160 of the inheritance tax act of 1984.
Typically items having a value of £300 or greater are detailed individually with the remaining items assessed on the ‘global’ basis.
Where required we are happy to assist with identification of specific bequests.
A detailed inspection of the chattels will need to be undertaken however it is not normally necessary to prepare a detailed schedule.
A fully researched valuation report can be provided in order to assist with the application for grant of probate.
We are able provide valuation reports to help you to value your assets so they can be insured accurately.
We are able to provide these valuations in various formats:
a) individual valuations for specific items.
b) preparation of valuation report detailing items having a replacement value above a specified threshold for example £1000. This could include antique furniture, works of art, ceramics and glass, jewellery, watches, silver etc.
c) full valuation, a complete assessment of the contents of a property detailing high value items with an allowance for furniture, carpets, curtains etc on a room by room basis.
Family division and private sale
We understand that in certain circumstances valuations are needed for the division of furniture and effects within a family or for the sale of specific items perhaps when moving home.
We are able to offer a tailored valuation service to assist with your requirements.
Fees are charged at an hourly rate to include travel and any research that may be necessary.
All charges are subject to VAT at the prevailing rate.
In some instances charges may be reduced or waived subject to consignment for sale of some or all of the items.