TAX, PROBATE and IHT
TAXATION
Non-Resident Capital Gains Tax (NRCGT) and Annual Tax on Enveloped Dwellings (ATED) Valuations.
The NRCGT charge applies to gains made by non-resident individuals, trustees and closely held non-resident companies and funds, while the ATED applies to companies that own residential property in the UK. It is important that owners submit accurate figures to HMRC to avoid being charged penalties and late payment interest.
We provide valuations that can be relied upon to submit your annual return and will stand up to scrutiny by HMRC or the District Valuer.
PROBATE / INHERITANCE TAX (IHT)
Inheritance Tax is only payable if the estate was worth more than £325,000 at the date of death. A qualified Chartered Surveyor will need to carry out a Probate Valuation on the property to calculate the IHT liability. This type of report is usually referred to as a Red Book Valuation.
VALUATION services
Terracotta Property provides tailored valuation services for residential, commercial and HMO assets. Using advanced analytics and market expertise, their RICS Registered Valuers deliver accurate insights. Services include assessing income potential for commercial properties, valuing HMOs based on conversions and rental yields, and evaluating residential assets by location, condition, and market trends.
-
Commercial Property Valuations
-
Commercial Rent Review & Leasehold Advisory
-
Compulsory Purchase
-
Lease Extension & Freehold Enfranchisement
-
Matrimonial
-
Tax, Probate & IHT
-
House of Multiple Occupancy (HMO)