The Importance of Probate Valuations for Inheritance Tax Purposes.
16th May 2024 by Amy Boothby
One of the primary reasons for probate valuations is to determine the accurate value of the estate for tax purposes. In many jurisdictions, including the UK, inheritance tax is levied on estates exceeding a certain threshold. Proper valuation helps ensure that the correct amount of tax is paid, avoiding penalties or disputes with tax authorities.
