Capital Gains Tax Valuations

If a property is subject to capital gains, a valuation may be required in order to help work out how much tax is due. When a property owner sells or disposes of a property asset which has seen an increase in value since its acquisition, capital gains tax becomes due and needs to be paid. This is simply calculated on the gains in value.

Capital gains tax is payable regardless of if the property is sold, traded, or gifted to someone else. The amount payable is also dependent on the seller’s taxable income, the gain, and any entitled income tax reliefs. Sellers may still need to pay capital gains tax on property assets sold at a loss if their total taxable gains for the year exceed their tax-free allowance.

Capital gains tax can be complex so you should always use a professional surveyor or valuer. If you would like more information about any of our services, wish to discuss your requirements for Capital Gains Tax Valuation with our expert team and obtain a quote, please do not hesitate to complete our online enquiry form or email valuations@brankins.com