Residential & Red Book Valuation London

Red Book valuations

We prepare residential valuations in accordance with the RICS Valuation - Global Standards and the UK National Supplement, commonly known as the Red Book.

Each instruction begins with a clear understanding of why the valuation is required, who will rely upon it and the relevant valuation date. The report then sets out the property considered, the basis of value, material assumptions and limitations, the evidence reviewed and the valuation conclusion.

Probate and Inheritance Tax

A probate valuation establishes the open market value of property at the relevant date of death. It may be required by executors and personal representatives when administering an estate and reporting to HM Revenue & Customs.

We can provide present-day or retrospective advice, consider the evidence available at the valuation date and liaise with the client’s solicitor, accountant or tax adviser where appropriate.

Capital Gains Tax

Capital Gains Tax calculations may require a property value at a historic date, including circumstances where records are incomplete or the property has changed since that date.

Our retrospective valuations are based on contemporaneous market evidence and a reasoned assessment of the property as it would have stood at the relevant valuation date.

Matrimonial and dispute matters

We provide independent valuation advice in connection with matrimonial, family law and other dispute-related matters. The scope can be agreed with a single party, solicitors or joint instructing parties, depending on the circumstances.

Reports are written clearly and objectively, with evidence and reasoning capable of being understood and scrutinised by the parties and their advisers.

Our approach

A reliable valuation is more than a figure. It requires a proper understanding of the property, its legal and physical characteristics, the market at the valuation date and the evidence most relevant to the instruction.

We combine inspection, documentary review, comparable analysis, market commentary and professional judgement. Where information is unavailable or further specialist advice is required, this is stated clearly.

Other valuation purposes

Asset transfers and company accounts
Trust and estate planning
ATED-related requirements
Staircasing and shared-ownership matters
Strategic or internal decision-making
Market valuations where independent advice is required

What we need from you

The full property address and your relationship to it
The purpose of the valuation and intended recipient
The relevant valuation date
Title, lease, floor plan or tenancy information where available
Details of significant alterations or unusual property features
Any deadline or procedural requirement

FREQUENTLY ASKED QUESTIONS

It is a formal valuation prepared by an appropriately qualified valuer in accordance with RICS valuation standards. The report defines its purpose, basis, assumptions, evidence and conclusion.

No. A valuation considers value for an agreed purpose. A residential survey focuses on the condition of the property and the defects or risks that may affect it. Some instructions may require both, but the scopes are different.

Yes, subject to sufficient information and market evidence. Retrospective valuations are commonly required for tax, probate and legal purposes.

Timing depends on the property, purpose, availability of documents and whether an inspection is required. A target date is agreed when the scope is confirmed.

The client instructs the valuation. Where the report is intended for a tax or legal purpose, it is prepared in a form appropriate to the agreed use and with the expectation that it may be reviewed by HMRC, a court or professional advisers.