Taxation

We are a team of experts here to provide valuations and advice regarding Capital Gains Tax (CGT), Inheritance Tax (IHT) and probate property valuation.

For both residential and commercial property, if you are liable to pay Capital Gains Tax on profits you have made since initial acquisition (or since March 1982, if it was acquired prior to then), we provide the necessary valuations. We also negotiate directly with HM Revenue and Customs on your behalf to secure agreements for Capital Gains Tax liability.

Where an estate is likely to be subject to an inheritance tax - and amongst its assets are property or land - we carry out valuations to calculate the amount of tax due to HM Revenue and Customs.

We are also on hand to provide you with probate property valuation services, whether probate is required for a private estate or a portfolio of investment properties.

We understand the complex and detailed laws surrounding the probate process, including the complexity of the Capital Gains Tax, Inheritance Tax, and other matters involved, and have extensive experience in carrying out valuations that satisfy the requirements of HMRC.

Although no statutory obligation exists, HMRC usually requires a statement by way of professional valuation that has been prepared on instructions following the death of the land owner. The instruction comes from the personal representative, who has the authority to administer the estate and who holds an obligation to HMRC to account for any inheritance tax rightfully due.  HMRC recommends an RICS “Red Book” valuation when satisfying the requirements of S.160 Inheritance Act 1984.