HMRC Property Valuation

Yes. If HMRC has opened an enquiry into your tax return and is questioning the property valuation used, we can prepare a RICS Red Book valuation to support your position — or, if the original valuation was indeed too low or too high, we will tell you honestly. A professionally prepared, independently argued Red Book valuation carries significant weight with HMRC and can often resolve enquiries without escalation.

If HMRC disagrees with our valuation, they will provide their own evidence and reasoning. We would then review their position and advise you on the merits of negotiation versus formal appeal. In our experience, HMRC rarely challenges a properly prepared RICS Red Book valuation supported by clear comparable evidence. Our reports are prepared specifically with HMRC scrutiny in mind — every figure is justified and every assumption is documented.

An estate agent's market appraisal is an informal opinion of value — often prepared free of charge as part of a marketing pitch. It carries no professional weight and HMRC is entitled to reject or challenge it. Our HMRC property valuations are RICS Red Book valuations — formal, independent, professionally prepared reports that follow strict international standards, are supported by documented comparable evidence and are signed by an RICS Registered Valuer. HMRC, courts and tribunals routinely accept them.

The cost depends on the property type, size, complexity and the number of valuation dates required. We provide a fixed-price quote within 24 hours of your enquiry — the price we quote is the price you pay, with no hidden extras, no travel surcharges and no additional fees for any location within our seven counties (Bedfordshire, Buckinghamshire, Cambridgeshire, Hertfordshire, Northamptonshire, Greater London and Oxfordshire). No VAT is added to our fees.

We aim to inspect the property within 5 to 10 working days of receiving your instruction. Once the inspection is complete, the valuation report is delivered by email within 5 to 7 working days. If you have an urgent HMRC deadline — for example, a response to an enquiry or a filing deadline — please let us know and we will do our best to accommodate an express turnaround.

When you enquire, please tell us: the property address and postcode, the tax purpose for the valuation (CGT, IHT, SDLT, etc.), the valuation date (or dates) you need, and any relevant background — for example, whether the property was inherited, whether it is rented out, or whether HMRC has already made contact. This helps us provide an accurate quote and advise on the most appropriate valuation approach.

Yes. We routinely provide retrospective valuations — for example, at the date of death for Inheritance Tax, at the date of acquisition for Capital Gains Tax, or at 31 March 1982 for CGT rebasing calculations. Our RICS Registered Valuers have the expertise and historical market knowledge to produce robust valuations at historic dates, using Land Registry data, archived comparable evidence and professional judgement.

Yes. If your tax return has already been submitted and you now need a formal valuation — whether because HMRC has enquired into the return or because you wish to amend it — we can prepare a retrospective RICS Red Book valuation at the relevant date. If you have received an HMRC enquiry letter, we recommend acting promptly: the sooner you provide robust evidence, the sooner the enquiry can be resolved.

For any tax purpose where HMRC is — or could become — involved, you should always use a RICS Red Book valuation prepared by an RICS Registered Valuer. It is the only type of residential property valuation that is formally recognised by HMRC, HM Courts & Tribunals Service and professional advisers. An estate agent's appraisal, an online automated valuation or a 'desktop' estimate from an unregulated source will not provide the same protection if HMRC challenges the figure.