Accurate Property & Contents Valuations

Accurate Property & Contents Valuations

Mylako Chartered Surveyors specialise in providing accurate property and contents valuation reports to help reduce your tax liability. We offer fast turnaround times with our surveyors often available to inspect the property at short notice. 

Furthermore, we have experience of liaising with HMRC to ensure that our reports are fully compliant so as to avoid any disputes and unnecessary delays to distributing assets to beneficiaries.

Market Leaders in Probate & Inheritance Tax Valuations

Our team of RICS Registered Valuers understand the importance in ensuring that the estate’s assets are valued accurately and in compliance with HMRC’s regulations. Our attention to detail will provide the necessary assurance to the estate’s beneficiaries and ensure that the Inheritance Tax liability is calculated correctly and in a timely manner. This is why Solicitors and Executors are instructing us over and over again.

The purpose of an Inheritance Tax Valuation is to determine the amount of Inheritance Tax that is due on the estate, which must be paid to HM Revenue and Customs (HMRC) before the estate can be distributed to the beneficiaries. The valuation report we prepare will be submitted to HMRC as part of the Inheritance Tax Return, which is required to be filed within a set period following the date of death.

Probate Valuation Services

Our Valuation Service: What is Involved?
When faced with the loss of a loved one, the list of affairs you have to deal with can seem overwhelming. HMRC demand a full and accurate valuation of the deceased’s property and contents in order to levy inheritance tax. Our Probate Valuation Service involves inspecting and assessing all the assets within the estate, including property, land, and personal possessions, and calculating their market value on the date of death. The valuation process can be complex and involved and so we offer our services compassionately as a trusted partner to provide an accurate valuation and liaise with HMRC on your behalf. We are a team you can rely on at a difficult time, giving you the space you need to go through the grieving process in your own way.
Do I need an Inheritance Tax Valuation?
Yes. It is essential that the Inheritance Tax Valuation is conducted by a qualified Chartered Surveyor, as HMRC requires the report to comply with their stringent regulations and standards. Any errors or inaccuracies can result in a tax investigation or financial penalties for the estate. Accurate figures hold significant importance as HMRC will conduct its own valuation with a particular focus on high value items such as properties, antiques, clocks, watches, paintings and specialist collections. These assets need to be balanced against outstanding debts, which includes bank account overdrafts, credit card bills, mortgages, household bills and unpaid taxes. The existence of trusts, charitable donations and jointly owned property also needs to be considered, and further complicates the matter of arriving at definitive value. If the estate’s value exceeds the current threshold of £325,000, then inheritance tax is levied at a rate of 40% on the value of the estate above the threshold. HMRC must be satisfied with the true value of the estate's assets and the tax liabilities before grant of probate can be obtained.

Book your RICS Valuation

Request a call back from one of our building consultants by sending us a message through our quick enquiry form. Alternatively, please give us a call at our London office on 020 7183 0321, and we look forward to speaking to you directly.


Mylako can support you

Whether you’re buying or selling, extending your lease, calculating your tax liabilities, or looking for a dedicated Property Manager
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