District Valuer question

Dave2345

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? 

Keep_pedalling

Is your father’s estate anywhere near IHT levels?

If no there is close to zero chance.

Dave2345

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

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

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

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

Dave2345

No we haven’t gone for a RICS valuation