You need to pay capital gains tax when you sell or ‘dispose of’ an asset that’s increased in value. Your tax obligations are calculated on your gains rather than the selling price.
Regarding capital gains tax, disposing of an asset can mean:
Our Surveyors determine the value of a site or building at the date of reporting for a variety of taxation purposes including Capital gains tax.
We will provide a detailed, evidence based report, based on the statutory definition of Market Value that provides our opinion of the value for the property in question. Valuations for tax purposes often need to be reported for a specific, often historical date and our team is able to meet this need.
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