Woolley & Wallis Valuations Leaflet

WOO L LE Y & WA L LI S SA L I S B U R Y SA L E R O O M S

VALUATIONS Insurance Inheritance Tax Family Division Private Treaty Capital Gains Tax

Written valuations form an important part of our business and are usually carried out by a director or senior specialist. Charges are agreed in advance and are calculated on a time basis.

For over 100 years we have carried out valuations for private clients, solicitors, executors and trustees.

We endeavour to approach every valuation with professionalism and discretion and we regard confidentiality as paramount.

INSURANCE Insurance valuations are a sensible way of keeping a detailed inventory of your antiques and works of art. In case of damage or theft it is helpful to have an up-to-date record which can prevent difficult arguments with loss adjusters in the event of a claim. Woolley and Wallis valuations are accepted by all the leading insurance companies and brokers. Values for insurance are usually based on retail replacement and we recommend that any insurance valuation should be re-visited if not re-assessed at least every five years.

Clients are provided with a typed and bound valuation listing all items of note and giving an overall value of the entire contents of the house. Digital images can be included in the valuation if requested. With a full team of specialists we are in a position to provide valuations for everything from a single item to the contents of major estates.

INHERITANCE TAX (PROBATE) In the event of a death, there is often a legal requirement to have a valuation of any chattels belonging to the deceased. Probate values are based on open market levels, that is what an item might be expected to sell for at auction on any given day.

We aim to provide a swift and efficient service for executors, trustees and beneficiaries. We can advise on the identification and dispersal of individual bequests as well as the removal of items for auction.

FAMILY DIVISION When items are dispersed amongst a family, there is often a desire to see that all parties are treated equally.

In such cases we endeavour to ensure that the division of the chattels is as fair as possible.

PRIVATE TREATY Occasionally there is a need for a private sale where the items in question do not appear on the open market.

We are happy to act as a broker in these circumstances and if requested help in locating potential purchasers.

CAPITAL GAINS TAX Where applicable, we can provide a written 1982 value of any items which may be subject to capital gains tax.

AUCTION We are always pleased to advise on auction values either in a client’s home or in the salerooms, where an appointment with the relevant specialist is usually advisable. This service is free of charge, though travel expenses may be charged.

For further details, a quotation or to arrange an appointment, please contact: Amanda Lawrence Tel: 01722 424509 al@woolleyandwallis.co.uk

WOO L LE Y & WA L LI S SA L I S B U R Y SA L E R O O M S

51-61 Castle Street Salisbury Wilts SP1 3SU Tel: 01722 424500 Fax: 01722 424508 www.woolleyandwallis.co.uk