Capital Tax Valuation

Where a property residential/commercial is not the principle or private residence, the Inland Revenue will require a formal written valuation to calculate any Capital Gains Tax due. Any gain in value made on a property is subject to this Tax.

When transferring the ownership of a property or a share of the property, a value has to be ascertained in order to assess the amount of Stamp Duty to be paid to the Inland Revenue.

Capital gains tax liability. Disposition of assets under a will or in probate. There are many situations — none of them lacking stress and complexity — where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago, rather than when the appraisal is ordered. For estate tax purposes or capital gains tax purposes, a retrospective or “date of death” valuation is often required.

Nationwide Chartered Surveyors have many years experience in providing capital gains tax valuations.

Retrospective Valuations

Retrospective valuations for litigation purposes are required in court for professional negligence claims, primarily when a surveyor is accused of excessively valuing a property.  The report is usually requested by a solicitor acting on behalf of lenders, that have relied on the disputed valuation. In many cases, the borrower has defaulted on the mortgage, and the bank/lender shows a financial shortfall after the property was repossessed, marketed and then sold.

Retrospective valuation are also required for the purposes of accounts to be presented to the Inland Revenue.

Nationwide Surveyors provides retrospective market valuation assignments for attorneys and accountants to assist their clients with complicated real estate valuation assignments.   Retrospective valuations require special expertise and training