Residential Valuations
A RICS valuation gives you a true and detailed look at a property’s value. It considers the condition of the property, its location, and what’s happening in the market right now, to provide you with a clear understanding of what the property is really worth.
All our Valuers are RICS members and registered valuers. All valuations are prepared in accordance with the latest edition of the RICS Valuation – Global Standards (also known as the RICS ‘Red Book Global’) and the UK national Supplement.
Probate
When the owner of a property dies, the beneficiary and/or executor is required to provide a valuation to the Valuation Office, whose preference is a RICS valuation, to determine whether any tax is payable.
This was formerly known as a probate valuation and is now called IHT.
Capital Gains Tax
Capital Gains Tax (CGT) is a tax on the profit when you sell / dispose of (gift, transfer or swap) an asset that has increased in value.
Capital Gains Tax is paid on ‘chargeable assets’ which, in relation to property, includes a property that is not your main home, a home that you have rented out, used for business or is very large.
Tax is paid on the gain (difference between what you paid for the property and the amount you got when you sold or disposed of it). If your combined gain (if you have other taxable assets) is over your allowance for the year, you will have to report and pay Capital Gains Tax.
An RICS Valuation will determine the value of a property at the time of its sale / disposal to ensure that the correct amount of tax is paid.
Matrimonial
Frazers Surveyors provide independent property valuations to help you decide how the matrimonial home is to be shared between both sides following divorce proceedings.
Valuation Disputes
If you find yourself in a dispute of the value of a property, an RICS Valuation will give you a independent opinion on the market value and if required can be prepared in accordance with Civil Procedure Rules for court purposes.
Charities Act
Specialist valuation of property assets prepared in accordance with the latest Charities Act.
Contact Us
If you have any questions, or wish to discuss the process, please complete our form below, or give us a call and we’ll be happy to answer any questions.