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Where Taxpayers and Advisers Meet

Valuing a house part-renovated

wholemeal
Posts: 4
Joined: Tue Jan 11, 2011 11:40 pm

Valuing a house part-renovated

Postby wholemeal » Mon Apr 15, 2019 9:49 pm

Hello

How do you get a valuation of a property, to enable calculation of CGT and satisfy HMRC, when transferring ownership between family members? The house in question was habitable at the time of purchase, but it's now part way through renovations - walls have been knocked through, the plastering is being re-done, the electrics is part-functioning and there's no working central heating. In short it's in a less-than-habitable condition, so an off the shelf valuation wouldn't be suitable.

Thanks

pawncob
Posts: 4256
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Valuing a house part-renovated

Postby pawncob » Fri Apr 19, 2019 10:21 am

You ask a friendly Chartered Surveyor.
With a pinch of salt take what I say, but don't exceed your RDA

wholemeal
Posts: 4
Joined: Tue Jan 11, 2011 11:40 pm

Re: Valuing a house part-renovated

Postby wholemeal » Fri Apr 19, 2019 11:22 pm

Thanks, much appreciated!


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