We undertake valuation reports for a wide range of taxation requirements, including Capital Gains Tax (CGT), the Annual Tax on Enveloped Dwellings (ATED) and Inheritance Tax (IHT).

If you are not resident in the UK, and sell (or dispose of) a UK residential property, you must tell HMRC and you may have to pay CGT on any gains you make on disposals made after the relevant valuation date.

ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. To work out what level of tax you need to pay, you will need to value your property. The annual charge is worked out using a banding system based on the value of your property. CGT will also apply to disposals of these properties based on the gains made from the relevant valuation date.

Where an estate is likely to be subject to IHT and, amongst its assets, comprises of property and/or land, a RICS Red Book valuation is advisable to calculate the amount of tax due to HMRC.