Deceased Uncle-Valuing Farm for Revenue.

[Marple]

Can anyone help a friend of mine?
His Uncle died (was living on his own) & his family now need to get his house, farm & stock valued for Revenue purposes.
What sort of a valuer does one get for something like this? Would say an Estate Agent suffice or are there more specialised valuers for something like this.
Also does the Valuer charge a flat fee or a percentage of valuation & if the latter what would be a standard % they would take.
Thanks

 

[Vanilla]

You can have either an estate agent/auctioneer value the land and house or an agricultural consultant. An agricultural consultant could value the stock too or the local friendly mart manager might do it- indeed many marts have an inhouse valuer/auctioneer who might do the whole lot. Usually, at least in this neck of the woods, it would be for a flat fee, but of course it really depends on the number of stock and quality involved.. If you're talking about a pedigree herd, and for some reason you want the valuation high ( agricultural relief), then you might need to look to the Breeders society for a valuation, and that would be more expensive. If the nephew is not taking on the stock and is going to sell them, then he would be better off to sell straight away ( depending on cattle prices obviously) and use the sale price as the market value.