Valuations
Valuations for all purposes inc
VALUATIONS FOR TAX PURPOSES(e.g. CGT, IHT, ATED, Residency, etc.)
UK resident taxpayers have long had to consider whether they have a CGT liability (or a corporation tax liability on capital gains) when they realise a profit on the disposal of residential property in the UK.
VALUATIONS FOR FAMILY PURPOSES (e.g. matrimonial, asset transfer, etc)
When a marriage breaks down, it is generally necessary to arrive at a financial settlement between the two parties. Usually, the matrimonial home is the major or very significant asset and often one or other of the parties wishes to remain in the property. This means that its value has to be agreed.
VALUATIONS FOR COLLECTIVE ENFRANCHISEMENT AND LEASE EXTENSIONS
If you own a leasehold property and wish to buy the freehold of the building (as a group of flat owners), this is known as collective enfranchisement
VALUATIONS FOR INSURANCE
An insurance valuation estimates how much it would cost to rebuild your property. The calculation is based on using modern materials and techniques, and includes costs such as site clearance. It forms the basis of your buildings insurance policy. This figure is so often mis-calculated leading to shortfalls in insurance claims.
