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Property Valuation for IHT, CGT & Divorce: Expert Insights from Chartered Surveyor Hugo Busby

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Manage episode 491077347 series 2824522
Content provided by London Property - Home of Super Prime. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by London Property - Home of Super Prime or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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Hugo Busby, a chartered surveyor, joined the London Property Podcast to discuss the importance of accurate property valuations for inheritance tax (IHT), capital gains tax (CGT), matrimonial cases, and insurance. He stressed that:

  • Incorrect valuations can lead to unnecessary tax liabilities (IHT at 40%, CGT up to 28%).
  • In divorce cases, joint expert valuations ensure fairness and stand up to legal scrutiny.
  • A holistic approach is key — covering both property and contents, especially for insurance and tax planning.
  • Insurance valuations should be reviewed regularly to avoid overpaying premiums.
  • Market conditions, past valuations (as far back as 1982), and solid documentation are vital for HMRC compliance.

Busby also shared practical examples and noted current trends like a softening property market and rising construction costs.

PROPERTY WEALTH - Transforming challenges into opportunities with specialist knowledge and reach. Explore the complexities of the London property market with us—insights, advice, and connections at your fingertips.
Join the conversation! Share your thoughts and questions in the comments below.
Don't forget to follow us for the latest updates and expert advice! https://www.londonproperty.co.uk/en/link-in-bio/
#PropertyWealth #LondonProperty #RealEstate #PropertyMarket #Investment #HomeBuying #HomeSelling #PropertyAdvice #RealEstateTips #PropertyInvestment #LuxuryLiving

  continue reading

270 episodes

Artwork
iconShare
 
Manage episode 491077347 series 2824522
Content provided by London Property - Home of Super Prime. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by London Property - Home of Super Prime or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Send us a text

Hugo Busby, a chartered surveyor, joined the London Property Podcast to discuss the importance of accurate property valuations for inheritance tax (IHT), capital gains tax (CGT), matrimonial cases, and insurance. He stressed that:

  • Incorrect valuations can lead to unnecessary tax liabilities (IHT at 40%, CGT up to 28%).
  • In divorce cases, joint expert valuations ensure fairness and stand up to legal scrutiny.
  • A holistic approach is key — covering both property and contents, especially for insurance and tax planning.
  • Insurance valuations should be reviewed regularly to avoid overpaying premiums.
  • Market conditions, past valuations (as far back as 1982), and solid documentation are vital for HMRC compliance.

Busby also shared practical examples and noted current trends like a softening property market and rising construction costs.

PROPERTY WEALTH - Transforming challenges into opportunities with specialist knowledge and reach. Explore the complexities of the London property market with us—insights, advice, and connections at your fingertips.
Join the conversation! Share your thoughts and questions in the comments below.
Don't forget to follow us for the latest updates and expert advice! https://www.londonproperty.co.uk/en/link-in-bio/
#PropertyWealth #LondonProperty #RealEstate #PropertyMarket #Investment #HomeBuying #HomeSelling #PropertyAdvice #RealEstateTips #PropertyInvestment #LuxuryLiving

  continue reading

270 episodes

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