A Red Book valuation of a detached family home in the London Borough of Bromley, prepared retrospectively as at April 2015, the base date commonly used for capital gains tax calculations.
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 used 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, drawing on the right evidence and the right context for the date in question.
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.
Two opinions of market value in a single Red Book report: the historic figure for the CGT calculation, the current figure for context and completeness.
A south-east London borough with a deep stock of detached and semi-detached family housing dating largely from the late Victorian, Edwardian and inter-war periods, well-traded throughout the period in question.
