Retrospective Property Valuation
Typically required in litigation or negligence cases, retrospective property valuations also play a crucial role in tax or estate planning. Trust our honest, approachable, and expert guidance to navigate these complex assessments with precision and integrity.
Understanding the past to inform the present, a retrospective property valuation is often crucial in litigation or negligence cases and proves invaluable for effective tax and estate planning. Such assessments are particularly essential when you need a precise evaluation of property values at a former date.
Why might you need a retrospective property valuation in the UK?
Our retrospective property valuation UK services are designed to meet diverse needs—from ensuring compliance with tax laws dating back to 1982 to providing decisive evidence in legal disputes. At Arnold & Baldwin, we leverage our extensive local knowledge and historical market expertise to deliver accurate retrospective valuations that pre-date our surveyors' inspections.
What is capital gains tax (CGT)?
Capital gains tax is incurred when you sell an asset that has appreciated in value since its acquisition. The amount of tax payable depends on several factors, including your income level and the size of the gain. For residential properties, the CGT rate could be either 18% or 28% of the gain, depending on your tax bracket.
What does non-domicile tax mean?
If you are a UK resident but your permanent home (domicile) is outside the UK, you are considered non-domiciled. Non-domiciles are required to pay UK tax on income earned within the country. However, foreign income and gains are taxable only if they are remitted to the UK, offering potential tax planning advantages.
Our commitment to honest, approachable expertise
At Arnold & Baldwin, we pride ourselves on being not just experts, but approachable partners in navigating the complexities of retrospective property valuations. Honesty and transparency guide all our interactions, ensuring you feel confident and well-informed every step of the way. Trust in our expertise to guide you through the intricacies of property valuation with straightforward advice and dependable service.
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