Capital Gains Tax is payable on disposal of a property that is not one’s primary residence and where there has been in increase in its value from the time of purchase. CGT is therefore calculated by applying two valuations; one at the time of purchase and the other at the time of sale.

Our valuations are undertaken in accordance with Section 272 of The Taxation and Chargeable Gains Act 1992 (as amended) and RICS Guidance Note 3.

It is generally advised that a valuation for CGT purposes is undertaken as close as possible to the valuation date as supporting comparable evidence will be easier to obtain.

CGT for non-residents

As of 5 April 2015, new regulations for Capital Gains Tax for non-residents apply if you sell a residential property and do not live in the United Kingdom.

These rules apply to any residential property within the United Kingdom, including those being built or developed for residential use.

After you have received your report and should the valuation be disputed by the District Valuer, it may be necessary for us to negotiate with them on your behalf