Administering an estate becomes more complex the moment business assets are involved. When the deceased owned plant and machinery, commercial vehicles, workshop equipment, or specialist industrial stock, the executor needs to establish what those assets were worth on the date of death. That specific historic figure is what HMRC requires for inheritance tax purposes, and it cannot be estimated or carried forward from a later date.
Understating values risks an HMRC challenge, interest charges, and penalties. Overstating them creates an unnecessary tax burden and may lead to disputes between beneficiaries. A professionally prepared report from a named, qualified valuer removes both risks.
BTG Eddisons Asset Sales provides probate and tax valuations for estates containing tangible business assets across all industrial and commercial sectors. Valuations are led by Richard Temple MRICS, a Chartered Machinery Valuation Surveyor and Registered Valuer.
This page describes a professional asset valuation service. It does not constitute legal, tax, or financial advice. Executors and beneficiaries should take advice from a qualified solicitor or accountant when administering an estate.
450+
valuations conducted annually
£200m+
assets valued last year
26,000+
buyers in our network
Probate requires executors to declare the value of all estate assets as they stood on the date of death. For estates containing plant, machinery, or commercial vehicles, this means establishing market value at that specific date, not current value, not book value, but what the assets were worth on the day the individual died.
These figures feed directly into the inheritance tax calculation submitted to HMRC. Understating values risks HMRC challenges, interest charges, and penalties. Overstating them creates an unnecessary tax burden and may lead to disputes between beneficiaries.
A professionally prepared, independently evidenced report removes the guesswork and gives executors, solicitors, and accountants a defensible figure they can submit and stand behind.
Executors are responsible for correctly valuing the estate and accounting to HMRC for inheritance tax. Where the estate includes specialist business assets, an independent specialist valuation is essential.
A professionally prepared report protects executors from personal liability if valuations are later questioned by HMRC or beneficiaries.
Legal firms managing estate administration need accurate, documented asset values to complete the probate application, respond to HMRC queries, and provide beneficiaries with a transparent account of the estate. Our reports are prepared in a format that solicitors and courts expect.
Tax advisors preparing inheritance tax returns require detailed, evidenced figures to support the amounts submitted to HMRC. Our reports set out each asset individually with a description, condition note, photograph, and assessed market value, giving accountants the documentation they need to justify the figures declared.
Call 0333 200 2041, email [email protected], or complete the form at the bottom of this page. We will discuss what needs to be valued and explain the process before anything is formally agreed.
An expert then visits the site to carry out the on-site inspection. Each asset is assessed individually, with its condition and specification recorded and photographed for the report. Where assets are located across multiple sites, we can coordinate inspections accordingly.
The resulting report states the market value of each asset at the date of death, set out clearly with descriptions, condition notes, and photographs. The report is prepared to the standard HMRC and solicitors expect for probate purposes.
Our probate valuations are prepared by an experienced valuer with the sector knowledge to assess industrial and commercial assets accurately at a specified historic date. Here is what we bring:
Get an accurate, HMRC-ready asset valuation from BTG Eddisons Asset Sales. Call 0333 200 2041, email [email protected], or complete the form below. Where assets also need to be sold as part of the estate administration, we can handle that too. Visit our sell your assets page for more detail.
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Head Office contact details
2nd Floor, 10 Wellington Place, Leeds, LS1 4AP
Our reach covers the UK with a network of over 30 UK offices.
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We specialise in tangible business assets, including plant and machinery, commercial vehicles, specialist equipment, workshop tools, and industrial stock, across many sectors. This covers assets from manufacturing businesses, engineering workshops, construction firms, catering operations, and more.
See our full sectors list for the complete range. We do not provide valuations for property, financial assets such as shares, or intangible assets such as goodwill.
Richard Temple
Director
Richard is a Registered Valuer with over 16 years' experience in plant and machinery valuation. He advises on probate, insurance, lending, and insolvency cases across industrial and commercial sectors, handling everything from workshop machinery and commercial vehicles to specialist equipment and international assets.
Case Study
Disposal and site clearance of Müller Dairies facility
Case Study
Asset valuation and disposal for Pilgrims of March Ltd
Case Study
Sale of rail engineering and manufacturing business
Case Study
Valuation of food production machinery prior to sale
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