Capital Gains Tax is a tax on the gain you make when you sell or dispose of a property asset. When a property in Kingston, Surrey, London, or anywhere in the UK is sold that has increased in value over the time of ownership, capital gains taxes typically are owed upon completion of the sale.
The exact amount of capital gains tax owed can be tricky to calculate because it depends on a number of factors including the seller’s taxable income, the gain in value, and any tax relief entitlements. This is further complicated in that some properties sold at a loss may also be subject ot capital gains tax under certain circumstances.
Prinsegate’s RICS highly experienced chartered valuation experts can assist with capital gains tax valuations by reducing the risk of overpaying your tax obligation, providing an independent and impartial valution for your property, and assisting with property valuation appeals with the district valuer.
If you are interested in speaking with a member of the team about our Property Valuation service, then please get in touch by filling out the form below.