RICS Capital Gains Tax (CGT) Valuations
If you sell, transfer or gift a property that has increased in value, you may need a Capital Gains Tax valuation to support your calculations. At Fife & Kimmitt Surveyors, we provide RICS-compliant CGT property valuations across Newcastle, Sunderland, Durham, Darlington, Cleveland and the wider North East.
Many property owners start with an online estimate or an estate agent’s figure when considering Capital Gains Tax. However, for HMRC and professional advisers, a RICS valuation provides a more reliable, evidence-based market value, especially where the valuation date is historic, ownership is complex, or the figure could be queried.
Why a Professional CGT RICS Valuation Matters
A Capital Gains Tax valuation prepared by a qualified RICS surveyor provides an independent report that can be relied upon by HMRC, accountants and solicitors. This is particularly important where the gain is significant or the valuation date needs to reflect market conditions at a specific point in time.
A RICS CGT valuation:
- Uses relevant comparable sales and local market evidence
- Follows strict RICS “Red Book” standards
- Provides a clear valuation date and basis of value
- Produces documentation that is suitable for tax calculations and professional review
- Reduces the risk of delays, disputes or HMRC queries
When Do You Need a Capital Gains Tax Valuation?
You may need a CGT property valuation in situations such as:
- Selling a second home or buy-to-let property
- Disposing of a property that was once your main residence but is no longer
- Transferring a share of a property to a spouse, partner or family member
- Gifting a property (or part of a property)
- Establishing market value at a historic valuation date for calculations
- Where your accountant/solicitor recommends a professional valuation to support your return
If you’re unsure whether you need a valuation, we can discuss your situation and confirm what’s required.
Our Capital Gains Tax Valuation Process
Fife & Kimmitt Surveyors provide a straightforward, step-by-step service for CGT valuations across the North East. Every valuation is carried out by a qualified RICS surveyor and tailored to your tax requirements.
- Initial discussion to confirm why the valuation is needed, who it’s for (you/your accountant/solicitor), and the relevant valuation date
- Fixed-fee quotation with clear timescales and no hidden extras for travel within our core areas
- Property inspection to assess size, layout, condition, location and any improvements or extensions
- Comparable sales research and analysis of local market evidence (including historic market context where needed)
- Formal RICS valuation report suitable for use in Capital Gains Tax calculations and professional review
- Follow-up support where your adviser or HMRC requests reasonable clarification based on the evidence used
Local RICS Valuation Expertise Across the North East
As a family-run firm of RICS Chartered Surveyors, Fife & Kimmitt Surveyors have extensive experience valuing residential property across Newcastle, Sunderland, Durham, Darlington, Cleveland and surrounding areas. Our local knowledge means we understand how conditions, improvements and micro-location affect values from street to street, an important factor when supporting CGT calculations with credible evidence.
We regularly provide valuations for a wide range of formal purposes, including probate, Help to Buy, and HMRC-related valuations, and so you can be confident your report is practical, robust and professionally prepared.
What is a Capital Gains Tax valuation?
A Capital Gains Tax valuation is an independent assessment of a property’s market value at a specific date, prepared to support CGT calculations when a property is sold, transferred or gifted.
Do I need a RICS valuation for Capital Gains Tax?
Not in every case, but where the figures are significant—or where HMRC or your adviser may require strong supporting evidence—a RICS valuation is often the safest and most defensible option.
Can I use an online estimate or estate agent valuation for CGT?
Usually no. Online tools and estate agent valuations are not regulated valuations and are not designed to provide formal evidence for HMRC purposes. A RICS valuation provides a more reliable, evidence-based figure.
What is the valuation date for Capital Gains Tax?
The valuation date depends on the reason for the valuation (sale/transfer/gift and the relevant tax event. We’ll confirm the correct valuation date with you and can liaise with your accountant or solicitor if needed.
Can you provide a historic CGT valuation?
Yes. Where a valuation is needed for a past date, we can provide a retrospective valuation supported by appropriate market evidence and context for that period.
Do you provide house valuations for Capital Gains Tax in the North East?
Yes. We provide CGT valuations across Newcastle, Sunderland, Durham, Darlington, Cleveland and the wider North East. If you’re unsure whether your property is within our area, get in touch.
