Chartered Surveyors in PUTNEY
We are a firm of Chartered Surveyors based in London providing a range of Residential Valuations and Surveys. We are also RICS (Royal Institution of Chartered Surveyors) Registered Valuers.
Market VALUATION REPORTS
Shared Ownership & Shared Equity
RICS HOME SURVEYS
Regulated by RICS
Our Valuation reports comply with all RICS requirements, including where applicable the RICS Valuation Global Standards (the Red Book) and the UK National Supplement.
The Red Book is regulatory requirements and best practice which governs what you the client should expect from us, the RICS Regulated firm of Chartered Surveyors.
The Red Book covers a number of Valuation types that may affect you.
For example, if you’re buying or selling a shared ownership property or staircasing to buy additional equity, we follow the RICS Red Book.
If your property is a leasehold interest, we follow the Red Book.
If you are Charity trustee wanting a Valuation for buying or selling, we follow the Red Book.
If your concern is about how much Inheritance tax is payable or how much Capital Gains tax you have to pay, we follow the Red Book.
These are of course just a few of many examples.
STATUTORY TAX VALUATIONS
As the saying goes, there are two things that are certain in life – death and taxes.
Unfortunately, in the case of Inheritance tax, it is also linked to death. We realise that if a loved one has died, the last thing you want to do is to have to deal with legal and regulatory requirements like seeking probate or a grant of representation which is part of the same process.
To gain probate, if the value of the estate is close to the inheritance tax threshold (£325,000 at time of writing), your solicitor is likely to inform you that you need an Inheritance Tax Market Valuation. HMRC used to accept Estate Agents opinions but in recent years, due to lack of regulation, qualifications and sadly, sometimes the motive in providing an opinion, they now ask for valuations by an RICS Registered Valuer, typically a Chartered Surveyor. These reports are far more comprehensive, taking into account the relevant statutory definition of Market Value as well as the principles in the RICS Red Book.
Market Valuations for Capital Gains tax are designed to aid your accountant or financial advisor (sometimes even a solicitor) in calculating the amount of Capital Gains tax payable.
They determine the value of the property at a given date, often when it was transferred into or out of a company or dates connected with when an owner ceased being a UK resident.
All of our qualified Surveyors have obtained the designation of RICS Registered Valuers and have significant experience providing such valuation reports.
reports within a week
Nearly all of our Market Valuation reports and RICS Home Surveys are provided within a week of instruction. Many within just two or three days.
We invested significantly in technology which allows us to be far more efficient than many other firms. We’ve done this because we know that when you ask for a Valuation or a Survey, time may be critical.
You may ask for a Homebuyer report or a Building Survey and want it quickly so you can decide whether to exchange contracts on your house purchase, back out or renegotiate.
You may need a Capital Gains tax valuation quickly because your tax assessment is due and your accountant, financial advisor or solicitor has recommended a report by an RICS Registered Valuer.
You may be looking for a lease extension valuation either because you want to know a value to enter into a Section 42 notice or as a freeholder, you need advice quickly in order to put a figure in a Section 45 notice.