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District Valuer question

Dave2345
Dave2345 Posts: 24 Forumite
Fifth Anniversary 10 Posts Name Dropper
edited 27 February at 3:03PM in Deaths, funerals & probate
Hi, 

My late fathers estate is currently going through probate, a solicitor is carrying this out and house valuations have been provided and the estate is subject to  inheritance tax. 

 I’m just wondering what the chances of a district valuers visit is? Are these just picked randomly? 



Comments

  • Keep_pedalling
    Keep_pedalling Posts: 21,865 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Is your father’s estate anywhere near IHT levels?

    If no there is close to zero chance.
  • Dave2345
    Dave2345 Posts: 24 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Hi, 

    sorry I should’ve added that but yes it is. It states in the will “tools  in the garage” go to a beneficiary. A lot of these could be removed fairly quickly should the need arise assuming we get some notice but I imagine they want to visit fairly quickly to avoid that happening. I don’t think there will be a whole lot of value in the tools. 
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Dave2345 said:

     I’m just wondering what the chances of a district valuers visit is? Are these just picked randomly? 



    If the solicitor's have opted for a full RICS surveyors valuation report. Then extremely low. 
  • mybestattempt
    mybestattempt Posts: 579 Forumite
    500 Posts First Anniversary Name Dropper
    Dave2345 said:
    Hi, 

    My late fathers estate is currently going through probate, a solicitor is carrying this out and house valuations have been provided and the estate is subject to  inheritance tax. 

     I’m just wondering what the chances of a district valuers visit is? Are these just picked randomly? 




    This is the guidance from the VOA Inheritance Tax Manual which outlines the process:

    https://www.gov.uk/guidance/inheritance-tax-manual/section-2-property-valuation-process
  • lincroft1710
    lincroft1710 Posts: 19,168 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 27 February at 6:40PM
    Dave2345 said:
    Hi, 

    sorry I should’ve added that but yes it is. It states in the will “tools  in the garage” go to a beneficiary. A lot of these could be removed fairly quickly should the need arise assuming we get some notice but I imagine they want to visit fairly quickly to avoid that happening. I don’t think there will be a whole lot of value in the tools. 
    DV only values property not contents.


    Trying to "hide" assets of the estate which would count towards its total value is fraud
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Dave2345
    Dave2345 Posts: 24 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    No we haven’t gone for a RICS valuation 
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