Snagging List Report – Assess the quality of your new-build London home

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What Is a Snagging List? A snagging list is a report that details all the issues that your developer needs to address after assuming their work is done. It provides you with the evidence of defects you need to ensure your developer meets its obligations. Common post-completion problems with new builds in London include: Cracking to Plaster Finishes Unfinished Fittings …

Don’t pay too much or too little for home insurance in London

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What is a reinstatement cost assessment? In most cases, home insurance packages are based on the cost of reinstating a property on a particular date rather than its current market value. Insurance reinstatement valuations let insurance providers know what the cost of rebuilding a damaged structure is likely to be should it sustain such substantial damage. Do I need to …

Helping you decide how to divide your property assets in London

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What is a matrimonial valuation? An impartial valuation is required if the divorcees can’t decide on how to divide their assets fairly. You’ll need a valuation from a RICS registered valuer for a judge to decide how to distribute your assets in accordance with the law. Regarding your property, a divorce settlement briefly details: The home’s market value Locality Accommodation …

Making selling or leasing a London home straightforward for non-domiciles

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Why do I need a non-domicile tax valuation? Various taxation laws apply to non-domiciles who sell or lease a home in London or anywhere else in the UK. Depending on your situation, you might be exempt from certain charges, and you may even be required to pay taxes on the gains from your property’s sale to your country of residence. …

ATED valuations in London: comply with the law and minimise your tax contributions

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Annual tax on enveloped dwellings (ATED) explained The government levies ATED on properties that fall under the ‘dwellings’ category, which means any property that can be partly or entirely used for residential purposes. Properties that aren’t classified as dwellings under the ATED scheme include: Guest houses Hotels Hospitals Boarding school accommodation Military accommodation Student halls Prisons Care homes In April …

Property Valuations for CGT Purposes & Capital Gains Tax Valuation

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How does capital gains tax affect London residents? You need to pay capital gains tax when you sell or ‘dispose of’ an asset that’s increased in value. Your tax obligations are calculated on your gains rather than the selling price. If you bought a house in London for £200,000 and later sold it for £500,000, you’d pay tax on the …

Probate Valuation & Inheritance Tax Valuations

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What are probate and inheritance tax valuations? A probate valuation is required to distribute the deceased’s estate to the legal beneficiaries. You may need to pay inheritance tax if the estate’s value is over £325,000. The gains from any property’s sale are subject to capital gains taxation laws, but the amount you owe should be based on the estate’s value …

Right to Buy Valuation? Get your council home in London valued.

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An introduction to the government’s right to buy scheme The Right to Buy scheme allows tenants to purchase their council or housing association home at a significant discount. If you’ve lived in your property for between three and five years, you can get a discount totaling: 35% of your house’s value 50% of your flat’s value The discount increases by …

Shared Ownership Staircasing – Equity share in a London home

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An introduction to Staircasing Staircasing is the process of purchasing all or some of the remaining equity in your shared ownership home. You can increment your equity share by a minimum of 10% up to three times, decreasing your ongoing monthly rental payments in the process. Why do I need an equity valuation? Because London property prices are prone to …

Market Valuation Surveyors in London

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Looking for market valuation surveyors in London? A market valuation, otherwise known as a house or property valuation, is an estimate of a property’s true value in the current market. Highly trained RICS registered valuers perform an inspection of the entire home while following strict guidelines to calculate an accurate figure. Market valuation reports briefly detail a home’s overall condition …