Capital Gains Tax (CGT) is payable when you sell an asset that has increased in value since you bought it. Olden Property can provide a market valuation of your property which enables you or your accountants to have a better understanding of possible tax implications from a future sale of the asset. Olden Property will provide you with a detailed report to send to your Accountant or HMRC and if necessary, negotiate for you if the District Valuer disputes the valuation.

If a property has been left to you in a will, you will need to get an Inheritance Tax Valuation, also known as a ‘probate valuation of the property’. It is strongly recommended you use a RICS-qualified Chartered Surveyor in order to undertake an unbiased and professional evaluation of the property during what can often be a difficult and distressing time. This is required in order to complete a HMRC Inheritance Tax form. The valuation is used to calculate the inheritance tax liability and is required by legal advisers when reaching the settlement of taxation.

If you share a property with a long-term partner and the relationship comes to an end, an independent valuation of the shared home, carried out by a professional, is recommended. The market valuation of the property is used in assessing the division of assets and can be used in court to settle disputes.

Matrimonial valuations are generally undertaken for solicitors handling the divorce or county/high courts if there is a dispute and we can also stand as expert witnesses. The valuation will be completed by Olden Property as only accredited experienced valuers can undertake this type of instruction.

Shared ownership valuations are required if a customer has bought a home using a shared ownership scheme and later wishes to sell the property or purchase more shares in it. Help to Buy is one example of such a scheme as well as Shared Ownership Right to Buy. If you have used the Help To Buy scheme and are now in a position to sell your home, re-mortgage, or start repaying your loan, then you need to get an RICS-regulated valuation.

If you own a lease in a residential property, you have a statutory right to extend the lease by 90 years. Olden Property will undertake the valuation on your behalf and work with your solicitor to ensure the notice served on the freeholder or counter-notice on the leaseholder is served at the correct level. Olden Property will then negotiate the premium on your behalf or, if necessary, act as an expert witness at Tribunal.

More information can be found here.

If you own a flat in a block of flats, you and your neighbours have a statutory right to force the freeholder to sell you the freehold interest in the property. Olden Property will talk you through what can be a complex and frustrating process. We will undertake the valuation to establish the premium payable, work with your solicitor, negotiate the premium on your behalf, or act as an expert witness at Tribunal if necessary.

More information can be found here.

You may be one of the unfortunate few whose property is affected by Compulsory Purchase. Tom Olden is a compulsory purchase surveyor specialising in advising home and business owners who find themselves in this position. Tom will advise you on your entitlement to compensation including property value, statutory payments and additional compensation known as ‘disturbance’.

More information can be found here.