Executors and solicitors acting on behalf of a deceased estate are required to commission an independent ‘probate valuation’ of art, antiques and other personal effects in order to assess Inheritance Tax liability with HM Revenue & Customs. Cullens have experience in this and regularly carry out probate contents valuations of chattels in accordance with Section 160 of the Inheritance Tax Act 1984. We can deal directly with the executors to arrange a probate valuation of the deceased’s estate. As part of the probate contents valuation for an Inheritance Tax Assessment, we will list art, antiques, jewellery and general house contents. All work is compiled by an experienced dealer with more than 5 years experience. All valuations are HMRC compliant and our probate contents valuations are prepared professionally and discreetly by our in-house team.
Once the valuation has been carried out, the executors may decide to sell some items from the estate. At Cullens, we have a wealth of knowledge and understanding about the market value of items.
Cullens can provide the following supplementary services:
- Offset the cost of items from the estate against a probate contents clearance
- Purchase items from the estate
- Deliver items from the estate to a specialist auction or dealer on your behalf
If you require any supplementary services please let us know at any time before, during or after the probate contents valuation service.
Probate Valuation Reports
Our probate content valuation reports cover the following aspects:
- Household Contents Valuation
- Antiques and Fine Art
- Jewellery, Collectables and Bullion
- Classic Car Valuation (for vintage and classic cars)
Our probate team provide, as standard, an electronic version of the probate contents valuation report. If you require a hardcopy paper version of the report, there is an additional charge.