Valuation of house in Sveti Petar - limits Zadar

[svetipetar]

Here's hoping for some help!

We inherited a house in Sveti Petar last year and got an "official" valuation for it for Croatian purposes from an official valuer.

We do now need a valuation for UK inheritance tax purposes.

Only last year is last year and this year is different! Can you help suggest someone, who can maybe offer a valuation even if off photographs and a description perhaps... UK taxman should be happy with an estate agent's valuation as long as it goes through our Croatian lawyer and gets certified. We are hoping for a more realistic value considering the circumstance.

Thanks in advance for any assistance!

[prkbrk]

Am I reading this wrong- what has the UK tax folk got to do with a property in HR? Why tell them........

[Steve]

I believe that if a person is UK domiciled, then all their worldwide assets are subject to UK inheritence tax. Therefore, when they die, if they own a property in HR, the UK tax authorities want to know about it. Whether the beneficiaries 'need' to inform them is another matter.....

[reindeerpark]

Never had experience with this. Interesting, will have to read more about it.

[Madgolfer]

Hi Ron,

Sorry but its a bit off our patch.

K.

[bomboni]

are you nuts? DONT tell the UK govt anything. Its a family thing and none of their business!

[mambo]

Some people like paying taxes I guess.