GCT - PPR conversion - valuation evidence

GCT - PPR conversion - valuation evidence

Postby njt on Thu Sep 29, 2011 4:21 pm

We bought a house in January 2008 and have lived in it as our principal residence until May this year. It is a jointly owned freehold with a mortgage. We have been trying to sell the whole house without success and so now plan to convert to two separate freehold residences in the hope that it will be easier to sell two smaller properties than one very large one. We have been told by at least 3 estate agents not to expect to make any money on the conversion (on the basis of that the costs of conversion will equal or exceed any added value). However, they may be more saleable.

I read some other posts in relation to capital gains. Could anyone advise what form(s)s of evidence I should seek to establish values before and after conversion, if necessary? Is it a case of getting estate agents round to give before and after market appraisals?

Thanks
njt
 
Posts: 9
Joined: Sat Oct 09, 2010 7:23 pm

Re: GCT - PPR conversion - valuation evidence

Postby section 44 on Thu Sep 29, 2011 5:26 pm

Obtain evidence of sale (as opposed to advertised) prices of any comparable properties.
section 44
 
Posts: 2061
Joined: Thu Oct 30, 2008 12:47 pm


Return to Property Taxes

Dorifor Internet Marketing Dorifor Tax Group - our portfolio of tax sites:

UK's largest independent tax portal All the tax books on one site global tax seminars, conferences and other events Global tax jobs portal List of UK recruitment agencies and employers