Capital Gains Tax Valuation
Capital Gains Tax Valuations By Expert Chartered Surveyors Firm
Capital Gains Tax is a payment charged by HMRC on any profit you make the you sell a property asset. If your property transaction is subject to Capital Gains Tax you will likely need a valuation from a chartered surveyor to assess the value of the property at the required date. Erikas Grig Chartered Surveyors can assist you with providing an accurate and professional property valuation regulated by RICS and widely recognised and accepted by HMRC.
“Through years of unparalleled experience, we excel in Capital Gains Tax valuations, adeptly handling HMRC disputes and District Valuer reviews. Our expertise spans valuing diverse assets across any location, ensuring precise valuations that safeguard your financial interests and compliance”.
Our valuation reports are prepared by experienced Chartered Surveyors who are using market-leading systems and proprietary databases to undertake market valuations for capital gains tax purposes. The capital gains tax valuations often are required to be completed to the retrospective dates and our team of Registered Valuers are prepared to assess the property value to the historic date, sometimes even going decades backwards.
We have a wide reach with coverage of any geographical area within the United Kingdom. We can provide capital gains tax valuation advice on residential and commercial properties including large mixed-use portfolios situated across the United Kingdom.
When Capital Gains Tax Valuation Is Needed?
In specific scenarios, computing capital gains tax requires assessing the property sale price against the purchase price. However, when these figures are unavailable, a capital gains tax valuation becomes necessary to establish accurate market property values at relevant times. For example:
- A valuation is necessary on the day the property was gifted.
- To sell an inherited property, a valuation is necessary at the deceased’s date of passing.
- Property bought before 31st March 1982 and sold later demands a retrospective capital gains tax valuation.
- Properties sold by non-residents after April 5, 2015, may require valuations if purchased before this date.
- Properties sold under market value.
Frequently Asked Questions
Explore our comprehensive FAQ sections, crafted to provide clear and detailed answers to common inquiries we get about capital gains tax valuations.
What is the current Capital Gains Tax rate?
Capital gains tax is dependent on your financial circumstances. You pay capital gains tax based on the applicable taxable rate you fall into.
| Tax Group | Capital Gains Rate on Assets | Capital Gains Rate on Property |
| Basic rate taxpayer | 18% | 18% |
| Higher rate taxpayer | 24% | 24% |
What is Capital Gains Tax allowance?
Capital gains allowance has historically always increased marginally. However, since April 2023 allowance has been cut by the government.
| 2022/23 | 2023/24 | 2024/25 | 2024/25 | |
| Individuals | £12,300 | £6,000 | £6,000 | £6,000 |
| Trustees | £6,150 | £3,000 | £3,000 | £3,000 |
Capital gains allowance is not available to companies, as they may be able to claim other allowances available to them.
Can HMRC challenge self-submitted values for property transactions?
When declaring property values for Capital Gains Tax, self-submitted figures might face scrutiny by HMRC. If challenged, HMRC may refer the valuation to District Valuers for review. Their advice influences HMRC’s decisions, potentially resulting in fines for inaccuracies in the stated property values.
Therefore, engaging Erikas Grig Chartered Surveyors to submit valuations can be cost-effective. Our precise valuations, in line with evidence, minimize the risk of inaccurate property assessments. By ensuring accurate valuations, taxpayers can potentially avoid fines from HMRC for incorrect property values, ultimately saving them money.
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We are highly active in delivering comprehensive Capital Gains Tax valuations across diverse properties and locations. Our services cater to a wide array of clients, ensuring precise valuations tailored to their specific needs.
Erikas Grig MRICS
Director, Erikas Grig Chartered Surveyors
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Our team’s passion for precision and personalized service ensures every customer feels heard and cared for, leaving them thrilled with the results.
I had an excellent experience with Erikas Grig Surveyors and would highly recommend their services.
I approached them during a particularly stressful rent review situation where my landlord was demanding what felt like a completely unreasonable increase. From the very beginning, Erikas and the team were incredibly responsive, professional, and reassuring. Their customer service was genuinely swift — I received prompt replies, clear explanations, and immediate guidance on the next steps throughout the process.
What really stood out was how effectively they navigated what turned out to be quite a complex rent review case. They carefully reviewed all the details, explained my position in simple terms, and handled negotiations with confidence and expertise. Thanks to their knowledge and proactive approach, the matter was resolved far quicker and more smoothly than I expected.
The whole process felt organised and transparent from start to finish, and I always felt supported and informed. It was a huge relief having experienced professionals managing the situation and protecting my interests.
Read MoreFantastic service from Erikas and Iveta for a survey that was needed to sell my shared ownership flat. Responses to enquiries were swift, the survey was carried out quickly and professionally, with the report issued promptly afterwards.
They also reissued the report within a very tight timeframe when we were ready to exchange as well. I would highly recommend them!
I had my property surveyed again, and Erikas did a fantastic job both times. They're efficient, professional, and send the reports quickly. I totally recommend them!
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