Valuations

Market Value Valuations

The basis of most valuations will be Market Value, which is defined by the Royal Institution of Chartered Surveyors as:

 

"The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion."

 

Probate and Inheritance Tax

We act for Executors in valuing property that forms part of a deceased person’s estate.

 

Inheritance Tax Valuation

Inheritance Tax is a tax payable on death. It is calculated on the value of the assets of the deceased. We can provide a valuation for Inheritance Tax purposes for each property owned by the deceased, to include a Market Value as defined in the Inheritance Tax Act 1984.

 

Capital Gains Tax

The basis of valuations for Capital Gains Tax purposes is Market Value. Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.

 

It’s the gain you make that’s taxed, not the amount of money you receive.

 

Following changes in the law regarding non-UK residents, the RICS recommends that these owners have a CGT valuation report commissioned as at the 5th April 2015, to avoid a retrospective valuation when selling the property at a later date.

 

 

Matrimonial, Litigation and Expert Witness

We act, provide reports, and give evidence in Court as an Expert Witness in a variety of property disputes, including Matrimonial proceedings.

 

Retrospective Valuation

We are able to draw together evidence from a number of databases of property transactions that go back several years and this enables us to provide backdated valuations when required.

 

Compulsory Purchase and Compensation

Local Authorities, Statutory Contractors or other public bodies can compulsorily acquire an interest in property using powers of compulsory acquisition.

 

We act for leaseholders or freeholders, especially in blocks of flats, that have been earmarked for demolition and re-development by a Local Authority. Most recently this has been in Charlton to advise the Royal Borough of Greenwich and in Hackney to advise the London Borough of Hackney.

 

Our valuation report will give the value of the interest in property being acquired.

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Telephone: 0203 763 5887