Valuation of antiques, fine art and chattels

The Valuations Advice Scheme is for the exclusive use of members of the Tax Faculty

It is designed to enable members to seek the advice of a suitable consultant on the valuation of antiques, fine art and chattels.

The scheme is operated in conjunction with the Arts and Antiques Faculty of the Royal Institution of Chartered Surveyors, which operates a special technical helpline for our members looking for advice on the valuation of antiques, fine art and other types of personal property.

Why might you need a valuation?

You might need a valuation of assets for income tax, capital gains tax, inheritance tax or stamp duty purposes. The valuation may be required at a current date or for a date in the past.

Typical situations will be:

• Disposal or gift of assets

• Death

• Pre-owned assets charge

• Valuation of estates

• IHT ten year charge

• Insurance purposes

How the scheme works

Calls will go through the RICS Contact Centre on their central telephone number 0870 333 1600.

On calling the Contact Centre number, you should explain that you need a valuation and the operator will ask a simple question to confirm whether you are a member of the RICS or of the Tax Faculty.

The operator will then give you the contact details of two member firms that have elected to be part of this scheme and you then call them at your convenience.

The valuer will give you up to 30 minutes of time without charge. After this it is up to you both to agree a fee for any further work.

The scheme is running as a pilot and, if successful, we hope to extend it to cover other areas of valuation.