When applying for Probate it is important to make sure that any valuations given are accurate.
HM Revenue & Customs are ever more vigilant in checking valuations to ensure that they are correct and will impose penalties of up to 100% of the additional tax liability if they are not.
Where an estate is likely to be above the tax threshold, we strongly recommend that you use a qualified valuer to make sure that valuations are as accurate as possible.
Vanessa Adamson, Kaslers Solicicotrs LLP tel 0845 270 2511Labels: penalties, Probate, Tax, valuation