Savills was instructed to value a large estate in the Midlands for Inheritance Tax purposes.
The estate included residential, agricultural and commercial properties, both tenanted and in hand. We advised not only on the valuation of the property but to comment on Agricultural Relief and Business Property Relief which may be available to qualifying properties.
For this, we worked closely with the estate’s legal advisors to obtain details of all tenancy and occupational arrangements. After inspecting the estate and carrying out comprehensive due diligence enquiries we produced our valuation report. This considered the approach to a sale and was fully supported by market evidence.
This resulted in our client achieving a nil tax liability, which was supported by a defendable valuation report.