10th July 2020
Chancellor Rishi Sunak has announced a Stamp Duty holiday, raising the level at which the tax becomes payable to £500,000. This means that you could now save several thousand pounds when purchasing your next home - making it the ideal time to buy.
On a property purchase of £500,000 or over, with the changes announced this week, you will save £15,000 in Stamp Duty costs.
Since the Chancellor’s announcement, Butler Sherborn has received an increase in enquiries, which have been directly attributable to this Stamp Duty Holiday.
Buyers will be keen to take advantage of this opportunity to save considerable sums on their purchase of a property.
11th February 2020
Overwhelmed by Probate?
There is a lot to deal with when someone close to you dies and the process can be slightly overwhelming.
To briefly summarise, probate is the judicial process of authenticating a last will and testament, if the deceased made one. It includes locating and determining the value of the deceased's assets, paying final bills and taxes, and distributing the remainder of the estate to the rightful beneficiaries.
24th January 2020
Banks, agents, solicitors and accountants will be familiar with red book valuations, but often their clients are not. We thought it would helpful to give an explanation.
Formal valuation reports are always needed for bank security valuations, divorce and litigation and are very often required for capital gains tax, inheritance tax and probate.
These formal valuations are carried out by Registered Valuers who are... more
2nd December 2019
How We Can Benefit You
Valuation is a key part of our professional service at Butler Sherborn. We are lucky to have a talented team with varying specialisations which enables us to provide advice over a range of different property types, for a wide variety of reasons.
Valuation forms part of many a life decision, whether you are looking to buy, sell, diversify or perhaps looking to the future, to succession or the division of assets or assessing potential tax liabilities.
Whether you have a house,... more
7th March 2018
There is a great amount to deal with on the death of a loved one. If property was owned by the deceased then this will need to be valued as part of the process to obtain a grant of probate.
In an attempt to make this process easier, we have compiled a short summary of answers to frequently asked questions, designed for family or executors.
Whilst obtaining a probate valuation is administratively important, it is vital to ensure proper co-ordination between valuer and tax advisors to ensure that valuations are properly considered and tax liabilities are mitigated where possible. This is something we do regularly for houses, farmland, estates and equestrian property. We... more
2nd March 2017
Butler Sherborn’s expert property valuations move to a higher level, with evidence recently being given in the High Court, London.
Richard Greasby, who heads Butler Sherborn’s formal valuation work, undertakes a significant number of expert valuation cases, however most are settled without needing to go to Court. Many valuers therefore do not have any Court experience. "I have been fortunate to have previously gained experience by giving evidence in the County Court for... more