If you are selling or transferring a property that has increased in value, you may be liable for Capital Gains Tax (CGT). HMRC may often require a professional, independent valuation to accurately establish the property’s market value at a specific point in time.

At Skylark Surveyors, we provide RICS-compliant Capital Gains Tax valuations for houses and flats across Surrey, Hampshire, Berkshire, West Sussex and the wider South East. Our reports follow the principles set out in the HMRC Capital Gains Tax Manual and the RICS Valuation – Global Standards (Red Book), ensuring acceptance by HMRC, solicitors and accountants.

A CGT valuation is used to calculate any taxable gain on a property. There are many instances where this may be necessary, some common examples are, when you:

• Sell a second home or buy-to-let property.
• Transfer property into a trust or company.
• Gift a property to another person.
• Dispose of inherited property that has increased in value.

HMRC require an accurate open market value to be established, and this must be supported by professional evidence.

What HMRC Require

HMRC’s Capital Gains Tax Manual (CGT Manual) makes it clear that:

• Market Value is defined as the price a willing buyer would pay a willing seller on the open market (CGT Manual, CGT 70701).
• Valuations must reflect the statutory definition of market value set out in the Taxation of Chargeable Gains Act 1992 (TCGA 1992).
• For land and property, HMRC frequently may rely on valuations prepared by independent RICS surveyors, and may refer cases to the Valuation Office Agency (VOA) if there is a dispute.
• HMRC expect valuations to be supported by comparable sales evidence and commentary showing how the figure was reached.
• In cases where HMRC challenge a declared value, a properly prepared RICS Red Book valuation gives the strongest evidence base.

An informal estimate or estate agent’s opinion may not be accepted by HMRC. Using an inaccurate figure could lead to disputes, delays, or penalties.

Our CGT valuation reports are:

• Prepared by a member of our team who is an RICS Registered Valuer, and our report is prepared in accordance with the RICS Red Book, recognised by HMRC and the courts.

• A RICS valuation carries more weight than an estate agent’s opinion and reduces the risk of HMRC challenge.

• In the event of an HMRC enquiry, our valuations can be relied upon as robust, professional evidence.

• Local knowledge – we provide Help to Buy valuations across Guildford, Woking, Farnham, Basingstoke, Winchester, Petersfield, Havant, Portsmouth, and surrounding areas.
• HMRC-compliant reports – prepared in line with the CGT Manual and TCGA 1992 definition of Market Value.
• Quick turnaround – valuations arranged quickly, usually the same or next week, with reports sent promptly after the inspection.
• Trusted by solicitors and accountants – supporting accurate tax submissions and minimising HMRC disputes.

We provide valuations across:

• Surrey – including Guildford, Godalming, Woking, Camberley, Farnham, and Epsom
• Hampshire – including Basingstoke, Winchester, Petersfield, Alton, Havant and Portsmouth
• Wider South East – we also cover parts of West Sussex, Berkshire and South West London

If you need a Capital Gains Tax valuation for HMRC, whether current or retrospective, contact our team today.

📞 Call us on 01252 985888 or complete our contact form below.

Which areas do you cover?

We provide Homes England-compliant Help to Buy valuations across Surrey, Hampshire, Berkshire and West Sussex. This includes:

Surrey: Towns such as Guildford, Woking, Farnborough, Aldershot, Camberley, Crowthorne, Weybridge, Walton, Sunbury, Staines, Epsom, Surbiton, Redhill, Reigate and Cranleigh.

Hampshire & South Downs: Areas including Alton, Liphook, Haslemere, Petersfield, Basingstoke and surrounding villages.

Berkshire & West Sussex: Locations including Reading, Bracknell, Slough, Crawley, Midhurst and Petworth.

Can you provide retrospective CGT valuations?

Yes – we frequently prepare backdated valuations, including historic dates such as inheritance dates, letting dates, or the 31 March 1982 valuation base date.

How quickly can I get my report?

We can usually arrange inspections within the same or the next week, with most reports subsequently issued within a few working days.