James and Sons are experienced Royal Institution of Chartered Surveyors (RICS) registered property valuers. We are able to advise on a wide range of property valuations, including:
Our property valuations are based on a breadth of experience over numerous decades and supported by market comparables as well as an extensive database of transactions.
Our property valuation services cover Bournemouth, Poole, Christchurch and the surrounding areas of Dorset, Hampshire and Wiltshire and are suitable for a number of purposes from secured lending to assessing development potential. The range of valuation services offered by James and Sons includes:
Valuations for Taxation Purposes
Valuations for taxation purposes are subject to examination by the Valuation Office Agency on behalf of HMRC so it is important they are undertaken on the correct basis. Valuations are required for a number of taxation purposes including:
- Capital Gains Tax
- Inheritance Tax
- Stamp Duty Land Tax
- Corporation Tax
- Income Tax
These types of valuation are based on a statutory definition of market value that is different from that defined within the RICS Valuation Professional Standards. Valuations for tax purposes often need to be based on a specific, often quite historic, date. Our experienced valuers have the historical information available and required experience to recall market conditions at the relevant date.
Portfolio and Partnership Valuations
James and Sons offer regular portfolio valuations to business partnerships, landlords and social housing providers. These are required when reporting to trust boards and the Inland Revenue for capital gains tax purposes. Our valuation services cover all types of commercial and residential property, from buy-to-let investments to shops and hotels.
Section 18 end of lease valuations
If a property is in disrepair at the end of a lease term, the freeholder is entitled to claim damages from the previous leaseholder to cover the cost of repairs subject to a cap in accordance with the 1927 Landlord and Tenant Act. This requires valuation of property in its current state of repair and a potential valuation of property once any repairs have been carried out.
Charities Act valuations
When charities seek to dispose of land or property under Section 36 of the 1993 Charities Act, their trustees must obtain and consider a written report from a Chartered Surveyor acting exclusively for the charitable trust of the property rather than the charity beneficiary.
The report is required to confirm whether adequate marketing has taken place to ensure that the charity has received the best possible price for the asset concerned.
We have a wealth of experience providing such reports, giving charities the information they need in a format they can use. We report in sufficient time for our clients to work to the strict deadlines set by Companies House and meet the various statutory and professional standards set by RICS and other regulatory bodies.
Parties involved in divorce proceedings may require a market valuation of jointly-owned property assets to decide how these are to be divided. This service is available for each party individually or, if preferable, as an individual valuation for the court.
Do you want to know more about property valuation? Call our team on 01202 673131 or make an enquiry.