RICS Red Book Valuations
Our team of experienced Chartered Surveyors and Registered Valuers undertake RICS Red Book Valuations for individuals, accountants and solicitors for a number of reasons, including:
Taxation Valuation
We regularly undertake valuations for taxation purposes such as Inheritance Tax/ probate and Capital Gains Tax.
Housing Scheme Valuation
There are also a number of government driven housing schemes available such as Shared Ownership and Help to Buy to assist individuals get onto the property ladder both of which require fully compliant valuations in accordance to the providers guidance on disposal, settling the loan, or increasing share of ownership (stair casing valuations).
Expert Witness
We are also often engaged to provide valuations for the Courts and regularly prepare expert witness reports for a variety of reasons but lately in matrimonial disputes, statuary tenancies and restrictive covenants.
Capital Allowance Valuation
We also undertake Capital Allowance Valuations on commercial properties including holiday lets, houses in multiple occupation (HMOs) and communal areas in blocks of flats. Capital Allowances for taxation purposes can be very substantial but it is speculated that fewer than 10% of commercial landlords have claimed Capital Allowances.
Charities Act Valuation
Charites Act Valuations are required whenever a charity wishes to dispose of or acquire assets such as property. On disposal, the surveyor must first establish that the asset is excess to the requirements of the charity after which the best method of disposal to achieve the highest possible value for the charity should be established and valued. We regularly undertake such valuations both for acquisition and disposal.
What to Expect
The Valuation is a limited report and is used to guide individuals and professionals in the value of the property only. Whilst we do visit the property, a detailed inspection is not carried out and only major visible defects that would affect value will be noted. However, if you require a detailed inspection of the property then see our Residential Survey page.
Compliance
The Valuation and Report has been prepared in accordance with the RICS Valuation – Global Standards 2020.
Furthermore, we confirm that we are an RICS regulated firm and our Valuers are part of the RICS Valuer Registration Scheme (VRS). Please note that our files may be subject to monitoring under the institution’s conduct and disciplinary regulations.
