RICS REDBOOK CAPITAL GAINS TAX VALUATIONS

Peter is a RICS Registered Valuer with many years of experience in Valuing homes in the South West; he can undertake detailed capital gains tax valuations to be confident you are supplying the correct valuation representation to the HMRC. 

Peter`s CV can be provided to demonstrate his expertise, qualifications and in-depth experience and knowledge.

Capital Gains Tax Implications for Property Disposed of After April 1982

Disposing of a property (sale or transfer) acquired before April 1, 1982, and disposed of after April 5, 1988, may trigger Capital Gains Tax liability.

The taxable gain is generally calculated as the difference between the property's market value on March 31, 1982, and the market value on the disposal date. This is particularly relevant when disposing of a non-primary residence or gifting a property interest. Unforeseen tax liabilities could arise.

Our RICS-registered valuers can determine the property's Open Market Value on the disposal date, adhering to the Red Book (RICS Valuation Standards). This recognized gold standard minimizes the risk of HMRC challenging your Capital Gains Tax submission.

Peter ensures comprehensive evidence is attained to support his capital gains tax valuations with descriptive rationales to ensure confidence in the valuation(s) for the HMRC.