Sunday, August 22, 2010

Can anybody advise where I can get a property valuation dated at March 1982?

The property is in Canvey Island Essex and is for Capital Gaines Tax purposesCan anybody advise where I can get a property valuation dated at March 1982?
STEP 1: find the nearest value for the property including date





Go to http://www.nethouseprices.com/, which gives a free search of the prices of all houses sold in your street since 2000.





STEP 2: Calculate your house value at 1982 levels





Now we need to take the details from STEP 1, and use it to work out what your house would鈥檝e been worth in 1982.





To do this go to the Nationwide House Price Calculator http://www.nationwide.co.uk/hpi/. This is actually designed for people to put in their house price when they bought it, and work out what it's worth now. Yet it is possible to use it in reverse to get a rough value back in 1982.





How to get the calculator to do it





Scroll down the page to the calculator


In 鈥楶roperty value鈥?note the sales price as from Step 1


In 鈥榁aluation date 1鈥?enter the sales date from Step 1 (and make sure you put down which quarter of the year it was).


In Valuation date 2鈥?enter 1982, and Q1





Then click calculate, the results appear just above the calculator. You should now have a rough idea of your house price value in 1982.Can anybody advise where I can get a property valuation dated at March 1982?
Try the following link. If you search for a property (by post code or street name) It lists the houses sold and how much for... May not go back that far though?? Give it a try





www.nethouseprices.com
The safest way to do this is to get a local estate agent to give you a value at 1982. If HMRC wish to challenge your calculation, they would get the District Valuer to give his value and if necessary, your estate agent and the DV would argue it between them on your behalf.
Well obviously if you need a 1982 valuation, you must have owned the property at that date, so you must have some idea. A valuation surveyor or estate agent should be able to give you some idea, or the land registry records for that area can be used.


You can agree the valuation with HMRC before you submit your return using form CG34.
You should have paperwork from when the house was purchased, ask the solicitors who dealt with the sale.
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