The term personal chattels means all the personal belongings of the deceased person and will include jewellery, furniture, china, pictures, books, cameras, television, and cars (but not money, investments, property or business assets).
You will not need to obtain professional valuations for individual ordinary household or personal items with a value of less than £500.
For individual items worth in excess of £500, where there is publicly available data to value the item this can be used.
Items included in this category include furniture, pictures, paintings, china, TVs, audio and video equipment, cameras, jewellery, cars, caravans, boats, antiques and stamp collections.
For other items worth in excess of £500, a professional valuation will be required.
You can use an estimated valuation figure for items if the value of the estate is likely to be less than £200,000. They should be as accurate as possible.
We suggest that you should complete a full inventory of the contents of the deceased person’s home. To ensure that all personal chattels are identified and properly accounted for, the inventory should be made with the help of all members of the immediate family.