For generations, family farms have been passed from one generation to the next with relatively little concern about inheritance tax. The combination of Agricultural Property Relief (APR) and Business Property Relief (BPR) allowed many farming families to transfer land, buildings, and farming businesses without triggering significant inheritance tax liabilities. That changed on 6 April 2026. The introduction of new inheritance tax rules has already begun reshaping succession p

When a loved one passes away, families are faced with practical decisions at an emotionally difficult time. Many initially consider preparing probate valuations themselves. However, Provals professional support often proves invaluable. Objectivity Family members may have strong emotional attachments to possessions. Independent valuers provide an impartial assessment based on market evidence rather than sentiment. Expertise Professional probate valuers understand: Market condi

One of the most common concerns executors have is whether HM Revenue & Customs (HMRC) will accept the values submitted as part of an estate. The good news is that HMRC does not expect perfection. What they do expect is that executors have taken reasonable care when determining the value of estate assets. The Executor's Responsibility When acting as an executor, you are responsible for reporting the value of the deceased's estate as accurately as possible at the date of death.