A retrospective Red Book opinion of value, reconstructing market conditions for a detached family home in the London Borough of Bromley, as at the CGT rebasing date over a decade ago.
A private client needed a Red Book valuation of their detached family home in Bromley, not for a sale, but for their accountant.
The property had been held for a number of years, and a retrospective opinion of value was required as at April 2015, the base date commonly adopted for capital gains tax calculations following the introduction of rebasing rules. This is exactly the kind of instruction Taylor Berlin handles regularly.
The task was to reconstruct market conditions as they stood over a decade ago. A retrospective valuation isn’t a guess from memory; it’s a structured piece of forensic work. Three inputs carried most of the weight.
The result was a dual-date Red Book report providing both the April 2015 retrospective figure and a current market value, giving the client’s accountant everything needed to complete the CGT calculation with confidence.
Reported on a Red Book basis under VPS 4 with retrospective reasoning under VPGA 5, both opinions, the working and the comparable evidence, contained in a single document.
06 Apr ’15.
Today.
A market still digesting the December 2014 Stamp Duty reforms, then quietening into the pre-election caution of spring 2015. Both visible in the transactional evidence, and both addressed in the report’s reasoning.
