Retrospective Valuation

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.

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.

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.