The Importance of a RICS Red Book Valuation for Property Transfers to Family Members
Passing property ownership to family members is often a heartfelt gesture, but it also involves careful financial planning to avoid unnecessary tax implications. The 2024 UK Budget introduced changes to inheritance tax (IHT) planning that make obtaining a professional valuation, such as a RICS (Royal Institution of Chartered Surveyors) Red Book valuation, even more critical [...]