Agricultural Valuation

Ingram Evans can provide bespoke agricultural valuation reports on farms, smallholdings and land for a range of purposes including the following:

Inheritance Tax

Professional valuations of farms, smallholdings and agricultural land are often required in calculating the probate value of an estate for inheritance tax purposes. This is particularly important in relation to agricultural property where specific reliefs may be available to the Estate. Ingram Evans are highly skilled and experienced in the preparation of probate valuations on agricultural properties.

Matrimonial Valuations

An expert report prepared by a RICS Chartered Surveyor is often required in assessing the value of the family farm in divorce proceedings. Ingram Evans fully understands the duties of an expert in these sensitive cases and can provide a full service from provision of the initial report to appearance in court proceedings if required.

Loan Security Valuations

Banks, Building Societies and other lending institutions commonly extend loans (i.e mortgages) on farms and therefore require valuations to ensure that the property offers suitable security. Ingram Evans provides such valuations to most of the High Street banks and building societies as well as more bespoke lenders. Each lender will have their own specific reporting requirements but please contact our office to speak to a Chartered Surveyor if you would like to discuss the process.

SIPP (Self-Invested Pension Plan) Valuations

It is increasingly common to buy agricultural land to hold in private SIPP’s. During the initial purchase and usually at 3 yearly intervals thereafter, your SIPP provider will require a professional valuation from an RICS Chartered Surveyor. Ingram Evans is specialised in the preparation of these valuations.

Bespoke Valuations

There may be times when you will require a valuation of your farm for a very specific reason. This may be in connection with future tax planning, succession planning, a property dispute or a host of other reasons. Ingram Evans has a team of highly experienced Chartered Surveyors who will be able to advise and assist you with whatever requirements you may have.

Frequently Asked Questions

Agricultural value is defined as “the value of the property if it were subject to a perpetual covenant barring it from being used for any purpose other than agriculture.” In other words, it disregards any portion of the value that can be attributed to its potential for additional uses.

There are two methods for valuing your farm: market value (market price minus taxes) and intrinsic value (value of past and anticipated future cash flows). Five to seven times past earnings is a benchmark used to evaluate the intrinsic value of a privately held company.

When it comes to examining the mitigation and forecast of future IHT liabilities, as well as farm succession and distribution, the accuracy of the farm valuation is critical.

Book Agricultural Valuations in Cardiff and Wales

To book an agricultural valuation in Cardiff or the surrounding areas of Wales, then please call us on 02920 614411. We also offer surveys, professional services, and specialist advice on leasehold matters. If you need advice relating to property matters please get in contact.

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