Valuations for tax purposes

We value commercial and residential property for the purpose of calculating tax owed to HMRC for a variety of reporting needs. 

The expert knowledge you need with the personal service you expect.

Valuations for tax purposes

 

What do we do? 

Acting for private individuals or businesses, our Chartered Surveyors determine the value of a site or building at the date of reporting for a variety of taxation purposes including; Capital gains tax, ATED, inheritance tax, stamp duty land tax, corporation tax and income tax.

We will provide a detailed, evidence based report, based on the statutory definition of market value that provides our opinion of the value for the property (ies) in question on the date required for reporting. Valuations for tax purposes often need to be reported for a specific, often historical date and our team is able to meet this need.

We assess all kinds of residential and commercial property including land, houses, bungalows, flats, including those of non-standard construction to provide our considered opinion of its value. 

Our aim is to help you make sound financial decisions relating to property. A valuation conducted by a RICS registered valuer will ensure an accurate value of assets is provided to meet the demands of the valuation office agency on behalf of HMRC. It will also be conducted on the correct basis so as to provide evidence should the figure be challenged and will prevent you from incurring interest on additional tax payable or penalties.

 

Turnaround

We aim to turn reports around within five to seven days of inspection and you will be able to talk directly to the surveyor working on your behalf should you have any questions.

To get a quote or discuss your taxation needs,

CONTACT US

Frequently asked questions about valuations for taxation

  • How much does a valuation for taxation purposes cost?

    We cannot give you an exact quote without speaking to you as every property and taxation requirement is different. The professional fees payable will always reflect the particular requirements of your property and the time which it is anticipated will be devoted to the matter.

    Get a quote 

  • Can you conduct a desktop valuation?

    Desktop valuations, where an opinion of value is reached without an inspection of the property, are not RICS Red Book compliant and as such we don’t conduct them.

    We do however conduct desktop valuation updates. These desktop valuation updates are only suitable if we have visited the property on your behalf before, no significant alterations have been made, or the time elapsed since the inspection was conducted isn’t too great.

    Desktop valuation updates are commonly used when the validity of the original valuation has expired (usually after three months of valuation date) and a retype is requested to state that the original value is still correct and the market has not significantly changed.

  • When do i need to submit a valuation for tax purposes?

    Tax reporting should be completed in line with HMRCs tax reporting deadlines.

  • What is covered in a taxation valuation?

    • Initial advice in respect of valuation
    • Inspection of the property
    • Reporting the Market Value at the applicable valuation date
    • Negotiating with HMRC should they raise any queries regarding the value provided (Please note that this element could incur additional costs depending on the level of work required but these costs will always be agreed up front. For example meeting with the District Valuer and making formal representation.)
    • Consultation prior to the valuation to ensure any specific concerns you have are considered in the inspection
  • Do you conduct taxation valuations in my area?

    Kempton Carr Croft’s Surveyors regularly provide valuations for properties throughout London and the whole of the South East of England. The team works from offices in Basingstoke, Camberley, Gerrards Cross, Maidenhead, London, Reading, Staines and Windsor.

Looking for more information about taxation valuations?

Click the links below to view the articles related to taxation valuations available on our news and knowledge hub:

Get in touch

Our friendly and professional team is on hand to answer your queries between 09:00 – 17:30 Monday to Friday.

During this time we aim to get back to you within 24 hours. Enquiries received outside of these hours or on bank holidays will be handled the next working day.

If your query is urgent, please call us for the quickest response on 01628 771221.