Valuations for Taxation purposes
Lamberts are able to provide fully compliant Market Valuations at the relevant Tax Year for either CGT or ATED purposes. Should negotiations be required with the Valuation Office we are also able to represent you and we have successfully dealt a number of such reviews.
In order to satisfy the requirement to provide evidence of Market Value we adopt the Minimum Reporting Requirements as set out in the Valuations Standards prepared by the RICS.
Whilst it may be tempting to adopt an Estate Agents opinion of value or some other determination of value, it is advisable to have a properly prepared Market Valuation undertaken by a Registered Valuer accredited by the RICS.
The report is fully reasoned, which means that it contains sufficient narrative explaining the method and approach to valuation with supporting comparable evidence.
This significantly reduces the likelihood of a dispute with the Valuation Office over any figure reported.
With our long experience of residential valuation we are able to produce valuations on a retrospective basis if required.