Red Book capital gains tax valuations are required for a variety of purposes and potentially have a liability of up to 28%. A Red Book valuation will help ascertain the liability.
Red Book Valuation Information and FAQs
-
A Red Book valuation is undertaken by a RICS registered Chartered Surveyor.
The RICS red book contains rules and guidance to ensure that qualified valuers provide the highest standard of valuations.
Red Book valuations are often requested by your professional adviser such as a solicitor or accountant as the process is strategically helpful in mitigating tax.
-
We will discuss with you on the phone some basic details about the property and the objectives of the valuation.
A fee proposal is then made followed by a site survey of the property. Evidence is then researched to collate appropriate evidence to support an appropriate valuation.
-
We specialise in providing Red Book probate valuations in Surrey, Sussex, Hampshire, London and the South East but also cover the UK where multiple assets are owned.
-
We cover all asset classes including residential, commercial, agricultural, equestrian and rural properties.
-
Coverwood Surveyors have helped clients save hundreds of thousands of pounds in tax through a thorough and careful inspection and valuation process. If required, further negotiation with the District Valuer (on behalf of HMRC) can help secure a very beneficial valuation.
-
Have you had a valuation carried out and suspect it may be too high and expose you or your business to an unnecessary tax liability?
We have revalued assets by finding appropriate and suitable evidence to support the revised value.resulting in large tax savings.
Sometimes just asking for an opinion can make a huge difference.