Thank you for your responses. I did commission a RICS valuation and the valuer consulted with some of his other associates and the general consensus was that the value applied was the one attributable to it before lockdown and the report should contain a “disclaimer” that due to the unusual conditions that we were in at the time of death, the value could be higher or lower.
The estate is going to be subject to IHT so the value will be submitted to HMRC. It will be interesting to see how this goes.
Sue Mullis
GoodyBurrett LLP