We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
buying out siblings on inherited house
Options
Comments
-
So you're condoning tax fraud?
Not at all, but it is common and accepted practice to value pessimistically for probate purposes as you WILL pay tax on that figure (assuming the estate is liable to tax), whereas a more optimistic value for sale doesn't actually cost you anything but time if it turns out to be too much pie in the sky.If you feel my comments are helpful then I'd love it if you 'Thanked' me!0 -
You don't think a local surveyor has the same local knowledge as a local EA?If the OP's relative applies for confirmation of the estate based on 3 EA valuations, and the court or the HMRC queries it (for IHT purposes), what then?n RICS member to provide the valuation for a relative's house when I was doing the confirmation, because I knew that if anyone asked, all I'd have to say was "The Surveyor said it was worth £X. Take it up with him""Never underestimate the mindless force of a government bureaucracyseeking to expand its power, dominion and budget"Jay Stanley, American Civil Liberties Union.0
-
poppysarah wrote: »How do you find which ones are reputable?"Never underestimate the mindless force of a government bureaucracyseeking to expand its power, dominion and budget"Jay Stanley, American Civil Liberties Union.0
-
WhiteHorse wrote: »What happens when they go to several High Street estate agents who then give a different valuation?
Why would they, when they have an RICS valuation in front of them?0 -
WhiteHorse wrote: »No, probably not.
Why do you think a local surveyor doesn't have the same local knowledge as a local EA (in the same locality, of course) ???0 -
Why do you think a local surveyor doesn't have the same local knowledge as a local EA (in the same locality, of course) ???
Because an estate agents raison d'etre is the the buying and selling of property.
That of a surveyor is assessing when and if it will fall down."Never underestimate the mindless force of a government bureaucracyseeking to expand its power, dominion and budget"Jay Stanley, American Civil Liberties Union.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards