Supporting Executors with Accurate Probate Valuations
When administering an estate, obtaining an accurate probate valuation is essential. Fine art, jewellery, antiques and other valuable assets must be assessed at their open market value at the date of death for inheritance tax (IHT) purposes.
Lyon & Turnbull provides professional probate and inheritance tax valuations prepared to meet HMRC requirements. Our reports are clear, well-reasoned and supported by current market evidence, ensuring executors and advisers can proceed with confidence.
What Is a Probate Valuation?
HMRC requires an open market valuation of the chattels at the date of death. This differs from an insurance valuation (estimated retail replacement value)
Our specialists assess all fine art, antiques and collectables, including:
- Fine art and paintings
- Jewellery and watches
- Antiques and decorative art
- Silver and objects of vertu
- Asian Art and Antiquities, Islamic and Indian Art
- Design
- Rare books and manuscripts
- The remaining chattels within the deceased estate.
Each valuation is prepared in accordance with professional standards and structured appropriately for estate submission.
