Probate Valuations
Professional Probate Valuations in Surrey, Hampshire & West Sussex. When dealing with the estate of a loved one, obtaining an RICS probate valuation is an essential step. At DAW Surveyors, we provide accurate, professional, and compliant property valuations for probate, ensuring you meet all HMRC requirements when assessing the value of a residential or commercial property for Inheritance Tax (IHT) purposes. As RICS-registered Chartered Surveyors, we specialise in probate valuations across Surrey, Hampshire, and West Sussex, delivering clear, impartial reports to help executors, solicitors, and beneficiaries navigate the probate process with confidence.
What is a Probate Valuation?
A probate valuation is an official market valuation of a property at the time of the owner’s passing. This valuation is required by HMRC to assess Inheritance Tax liabilities and ensure compliance with the law.
Probate valuations must be conducted by a qualified RICS Chartered Surveyor to provide an independent and fair assessment of the property’s value, preventing any risk of disputes or tax penalties.
Why Choose DAW Surveyors for Your Probate Valuation?
✔ RICS-Registered & HMRC-Compliant – Our valuations adhere to RICS Red Book standards, ensuring accuracy and compliance with HMRC regulations.
✔ Expert Knowledge of Local Markets – We provide precise market value assessments across Surrey, Hampshire, and West Sussex.
✔ Comprehensive & Clear Reports – Our reports include detailed property assessments, market comparisons, and photographic evidence, making them easy to understand.
✔ Fast & Efficient Service – We offer prompt site visits and a quick turnaround on reports, helping to speed up the probate process.
✔ Personalised Support – We provide one-on-one consultations to answer any questions and guide you through the valuation process.
What Does a Probate Valuation Include?
Our probate valuation report provides a detailed analysis of the property, including:
Market Value Assessment – The property’s estimated value based on recent comparable sales and market trends.
Condition & Key Features – A professional inspection covering the age, condition, size, and location of the property.
RICS Red Book Compliance – Valuations in line with Royal Institution of Chartered Surveyors (RICS) guidelines.
Inheritance Tax (IHT) Reporting – A valuation suitable for HMRC submissions to determine any tax liabilities.
Valuation for Property Shares & Gifting – If the property is being partially gifted, we provide valuation breakdowns for individual shares and potential rental market assessments.
Drone Inspections (if required) – High-quality aerial images of roofs, chimneys, and inaccessible areas for a more detailed property assessment.
Who Needs a Probate Valuation?
A probate property valuation is required by:
Executors & Administrators – Responsible for managing and distributing the estate according to the will or intestacy rules.
Solicitors & Legal Representatives – Assisting with probate applications and estate administration.
Beneficiaries & Family Members – Understanding the estate’s value and any inheritance tax obligations.
HMRC Submissions – If the total estate value exceeds the Inheritance Tax threshold (£325,000 in the UK), an official valuation is necessary.
How Probate Valuations Help with Inheritance Tax (IHT)
In the UK, estates exceeding £325,000 are subject to Inheritance Tax (IHT), typically at a rate of 40% on the amount above the threshold.
An accurate valuation ensures:
✔ Fair & Transparent Tax Calculation – Prevents disputes with HMRC over under or over-valued properties.
✔ Proper Estate Distribution – Helps executors and beneficiaries understand the true value of the estate.
✔ Compliance & Peace of Mind – Avoids delays in probate approval and unexpected tax penalties.
How to Book a Probate Valuation with DAW Surveyors
Step 1: Get in Touch
Step 2: Schedule an Inspection
We arrange a convenient site visit to carry out a professional inspection of the property.
Step 3: Receive Your RICS Report
Our detailed RICS-compliant probate valuation report is delivered within a quick turnaround time.
Step 4: Assistance & Follow-Up
We offer ongoing support for any questions or additional requirements related to your probate application.
Contact DAW Surveyors Today for Your Probate Valuation
At DAW Surveyors, we understand that dealing with probate can be challenging. Our goal is to provide a seamless, professional, and stress-free valuation process, ensuring that you have the accurate information needed for HMRC and estate planning.
Why Choose an RICS-Registered Surveyor for Probate Valuations?
Selecting an RICS Chartered Surveyor guarantees that your valuation is:
✔ Legally Recognised by HMRC
✔ Conducted with Professional Integrity
✔ Based on Accurate Market Data
✔ Compliant with RICS Red Book Standards
When it comes to probate valuations, don’t take risks with unqualified valuations – trust an RICS-registered expert like DAW Surveyors.
Book your probate valuation today and ensure a smooth and compliant estate settlement process.
