1982 (CGT rebase) Property / Land Valuations

When disposing of an interest (whether by sale or other transfer) in property or land acquired before 1 April 1982 and disposed of after 5 April 1988 a Capital Gains Tax (CGT) liability may arise. Capital Gains Tax was ‘rebased’ to 31 March 1982 in The Finance Act 1988. Rebasing is achieved by deeming any asset held at 31 March 1982 to have been sold and immediately reacquired at its market value on that date. The effect is that tax is normally charged only on gains which are attributable to the period since that date. For this reason you will need a valuation of the property on the basis of Market Value as at 31 March 1982. Market Value is as defined in Section 272 of the Taxation of Chargeable Gains Act (TCGA) 1992.

1982 (CGT rebase) Property / Land Valuations

When disposing of an interest (whether by sale or other transfer) in property or land acquired before 1 April 1982 and disposed of after 5 April 1988 a Capital Gains Tax (CGT) liability may arise. Capital Gains Tax was ‘rebased’ to 31 March 1982 in The Finance Act 1988. Rebasing is achieved by deeming any asset held at 31 March 1982 to have been sold and immediately reacquired at its market value on that date. The effect is that tax is normally charged only on gains which are attributable to the period since that date. For this reason you will need a valuation of the property on the basis of Market Value as at 31 March 1982. Market Value is as defined in Section 272 of the Taxation of Chargeable Gains Act (TCGA) 1992.

Why Choose Us
 

It is essential that you appoint a skilled and suitable experienced Chartered Valuation Surveyor. Capital Chartered Surveyors has a wealth of experience, local knowledge, expertise and significant valuation resources to assist in providing an accurate valuation as at 31 March 1982 for all types of residential properties.

We have access to appropriate databases, historic data sources and tools that enable us to provide our expert opinion of value for taxation purposes of a property at 31 March 1982.

Our 1982 (CGT rebase) Property / Land Valuation Summary
  • 1982 (CGT rebasing) valuations are provided by a Chartered Surveyor and Registered Valuer. We are also very familiar with HMRC’s reporting requirements, one of our Directors having previously been a Senior Valuer at The Valuation Office Agency, the agency of HMRC entrusted with such matters.
  • If the property can be inspected, then it will involve both an internal and external inspection, where the property is measured and photographed.
  • Detailed research on any available comparable evidence (other properties of similar size, age and location) is undertaken using comparative techniques and information obtained from our comprehensive databases and historic data sources in order to establish a 31 March 1982 valuation.
  • A detailed written RICS Redbook Valuation report is provided which complies with RICS international valuation standards and in a form consistent with HMRC/VOA expectations of such a report.
  • Post valuation support is provided by phone and email. When necessary we are well equipped to negotiate on your behalf.
What Happens if the Surveyor/Valuer cannot get access the property?

Capital Chartered Surveyors will always request access to the property so that they can inspect. However, there may be times when this is not possible, for example if the property has been sold. We can still carry out a 1982 valuation from information supplied and by investigating previous sales details, comprehensive databases and historic data sources.


Areas Covered Include:
  • Acton W3
  • Balham SW12
  • Barnes SW13
  • Battersea SW11
  • Bayswater W2
  • Belgravia SW1
  • Belsize Park NW8
  • Bow E3
  • Brixton SW2
  • Camden N1
  • Chelsea SW3, SW10
  • Chiswick W4
  • Clapham SW4
  • Clerkenwell EC1
  • Crystal Palace SE19
  • Ealing W5, W7, W13
  • Earls Court SW5
  • Finsbury N4
  • Fulham SW6
  • Hammersmith W6
  • Hampstead NW3
  • Highgate N6
  • Holland Park W11
  • Islington N1
  • Kennington SW8
  • Kensington SW7
  • Kilburn NW6
  • Maida Vale W9
  • Marylebone NW1
  • Mayfair W1
  • Notting Hill W11
  • Oval SW8
  • Pimlico SW1
  • Putney SW15
  • Raynes Park SW20
  • Richmond TW9
  • Sheen SW14
  • Shepherds Bush W14
  • Southfields SW18
  • St John's Wood NW8
  • Stockwell SW8, SW9
  • Streatham SW2, SW16
  • Tooting SW17
  • Vauxhall SW8
  • Victoria SW1
  • Wandsworth SW18
  • Westminster SW1
  • Wimbledon SW19
Postcodes covered include:
  • SW1-SW20
  • W1-W14
  • SE1-SE27
  • NW1-NW6
  • N1-N22
  • WC1 & WC2
  • EC1-EC4
  • E1-E20
  • KT1-KT10
  • TW9 & TW10
  • CR0-CR8

If you would like to get FREE Advice or a quote for our services then call 020 8875 0035 or click the button below and we'll get right back to you.