The UK Government's proposed reforms to leasehold ownership, are among the most significant changes to England's property market in decades. We share our thoughts, as professional valuers, regarding how we believe this leasehold reform could affect the value of … [Read more...]
How To Value Your Chattels in England
Knowing how to value your chattels in England correctly is important. It can even be critical if you need the information for insurance, or planning how to distribute your estate after you pass on. Your personal movable possessions could include furniture, jewellery, … [Read more...]
Determining the Value of Property Fairly
Determining the value of property fairly, is an essential step in distributing the assets in a deceased estate. A building and the land on which it stands, is likely to be the most valuable possession the deceased left behind. We share the factors determining how much a … [Read more...]
Property Valuations by RICS Surveyors
Accurately assessing property is essential for executors distributing the assets in a deceased estate. Land and buildings are often the late person’s most significant wealth. Moreover, their value usually dictates whether inheritance tax is due, or not. Property … [Read more...]
Property Law and Ownership in England
Two laws form the backbone of property law and ownership in England. They are the Law of Property Act 1925, and the Land Registration Act of 2002. We provide an overview of these two pieces of legislation, and then proceed to discuss the broader aspects of English … [Read more...]
Managing Property in a Deceased Estate
Managing and dealing with probate property valuation in a deceased estate is the often complex task of the executor. or the administrator. This complexity is not surprising, given that ‘property’, in the broader sense, includes everything the deceased owned when they … [Read more...]
Chattels and Capital Gains – An Update
A chattel gets its name from an ancient legal term for a movable thing we can possess, that has a tangible form. It could, for example be as large as a motor car, or as small as a tiny ear ring. This post is an update on chattels and capital gains tax, because some … [Read more...]
Changing Property Probate Value After Tax
Today we share thoughts of what happens, if we decide to adjust the value of a property after settling capital gains and inheritance tax. This amended value may increase, or decrease the initial assessment, requiring us to contact the HMRC tax office and explain the … [Read more...]
The Origins of English Property Law
The origins of English property law date back to 1215, and the Magna Carta. This concord ruled that nobody was above the law, not even the king, and returned stolen land to Welsh owners among other things. Since then, English property law has continued to regulate … [Read more...]
Hoarding House Clearance Costs and Extras
A hoarding house is a work in progress, as opposed to the hoarded homes some senior citizens leave behind. Both types accumulate a surprising amount of clutter as the years pass by. It may we unwise to summarily do a hoarding house clearance, though. That’s because … [Read more...]
