Valuation for taxation
Our Valuation teams across the UK, provide valuations for taxation purposes for private clients, corporate clients and intermediaries such as accountants, to help our clients ensure their tax liabilities are appropriate to their circumstances.
We deal with the complexities of historic valuations for Capital Gains Tax purposes, where the valuation date is often taken to be 31 March 1982, to assess the chargeable gain. For Inheritance Tax purposes we provide valuations at the date of transfer, to enable clients to assess their liabilities and submit returns to the revenue.
When cases are contested, we act on our client’s behalf and enter into discussions and negotiate the values with the District Valuer (acting on behalf of Her Majesty’s Inspector of Taxes).
Valuations are also often required for Income or Corporation Tax assessment, under Schedule D of the Corporation Tax Act, and for Income Tax, Part 3 of The Income Tax (Trading and Other Income) Act 2005. Our valuers can provide advice on market values appropriate to these circumstances to again enable clients to keep control of their tax liabilities.