All of our professional services are provided by Kris Foster MRICS, a Chartered Surveyor who is local to Folkestone. Kris is also further accredited under the RICS Valuer Registration Scheme.
Motis Estates Chartered Surveyors in Folkestone can offer the following services:
Market Value Valuations
The basis of most valuations will be Market Value, which is defined by the Royal Institution of Chartered Surveyors as:
"The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion."
Probate and Inheritance Tax
We act for Executors in valuing property that forms part of a deceased person’s estate.
Inheritance Tax Valuation
Inheritance Tax is a tax payable on death. It is calculated on the value of the assets of the deceased. We can provide a valuation for Inheritance Tax purposes for each property owned by the deceased, to include a Market Value as defined in the Inheritance Tax Act 1984.
Capital Gains Tax
The basis of valuations for Capital Gains Tax purposes is Market Value. Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
It’s the gain you make that’s taxed, not the amount of money you receive.
Following changes in the law regarding non-UK residents, the RICS recommends that these owners have a CGT valuation report commissioned as at the 5th April 2015, to avoid a retrospective valuation when selling the property at a later date.
Matrimonial, Litigation
and Expert Witness
We act, provide reports, and give evidence in Court as an Expert Witness in a variety of property disputes, including Matrimonial proceedings.
Retrospective Valuation
We are able to draw together evidence from a number of databases of property transactions that go back several years and this enables us to provide backdated valuations when required.
If you require a lease extension in Folkestone or advice regarding buying a freehold then please don’t hesitate to call.
Kris can be contacted via email on kris.foster@motis-estates.com
Source Kris Foster
