What is Capital Gains Tax?

Capital Gains Tax has to be paid in the UK when you sell a property which has increased in value since you purchased it. This only applies to properties that you do not live in. These properties can range from residential buildings to commercial property, such as industrial units.

The tax rate that you pay only applies to any increase in value and is not applied to the total sale price of the property. The rate that you will pay is dependent on a number of factors, including your income and the size of the gain that you have made. 

Since 1982, any gain you make from investment into property is subject to Capital Gains Tax. 

Where do we come in? 

A property valuation is required to provide dependable information on the worth of the property. This is particularly useful where an individual or entity is charged much higher or lower tax rates than they should be liable for. Our Chartered Surveyors & Registered Valuers are experienced in providing a detailed and appropriate report for you to submit to your Accountant or HMRC. We can also negotiate for you if the District Valuers disputes your valuation.

It is important to consider the condition and status of the property at that date of inspection. If you have already sold the property, we can undertake this exercise on remote basis.

An experienced Valuer is essential to reduce your tax liability and avoid penalties. Experience, combined with extensive market knowledge, derived from the residential side of Winfields, enables us to offer a fully  comprehensive tax valuation service.