Valuation For Tax & Legal Purposes

We undertake valuations for a variety of reasons in connection with tax liabilities below:

Capital Gains Tax

Following the Disposal of any property which is not the principle private residence where the asset has increased in value Capital Gains Tax is payable.

Usually Capital Gains Tax is based on the difference between what you paid for an asset and how much you sold it for, but you need to submit a Market Valuation to HMRC or the District Valuer if any of the following applies:

• The property was gifted
• The property sold for less that its value
• Inherited assets
• Assets purchased before April 1982

Vickery Holman has roots back to 1848 and with a number of our current Valuation staff working within the company since the 1980’s we have internal records of transactions from the 1982 date required for Capital Gains valuations.

Inheritance Tax / Probate

These valuations reflect a Market Value as at the Date of Death. Check RICS guidance on Tax – Ruth to add in a little more wording. 

Matrimonial

These valuations are undertaken on an independent expert basis, and we can be appointed by one party to value on their behalf or more commonly as a Joint Independent Expert providing a single report for both parties. We have significant experience of providing expert reports which comply with both the Red Book and Civil Procedure Rules as quite often reports are required for Court Actions.

Stamp Duty Land Tax

When ownership of a share of a property or an entire property is to be sold or transferred, a value has to be given in order to assess the amount of SDLT payable to HMRC.

We regularly liaise with the District Valuer in connection with all of the above, and are prepared and able to handle any follow up enquiries on your behalf. The rigour applied to these valuations from HMRC continues to increase.