As an RICS Registered Valuer, since 2014, Eleni has a wide range of both formal and informal valuation experience. Formal valuations are those regulated by the Royal Institution of Chartered Surveyors (RICS) and the reports, which comply with valuation standards are more commonly known as “The Red Book”. Formal valuations, completed by a registered valuer, are often required for:
- Inheritance tax/administration of a deceased’s estate;
- Capital Gains Tax liability upon disposal or transfer of an asset;
- Matrimonial proceedings, for either party or as a joint expert;
- Disposal of Charity Assets;
- On-going valuations for assets held in trusts or invested in pensions;
- Help to Buy Redemption/purchase of shares in Shared Ownership properties;
- Expert witness work for example, but not limited to, breaches of restrictive covenants;
- Valuation of “ransom strips” for development land.
Informal valuations can be used for initial estate or family planning, anticipating likely tax liabilities or for indications of value of assets which you are considering purchasing. They are not a full, formal, regulated valuation i.e. Red Book, but many clients make use of them when starting initial planning for a project or investment. Such valuations can also be useful as part of preparation of viability assessments for projects.
Eleni has wide range of experience in the above formal valuations and have completed valuations for everything from a one-bedroom flat to a full farming estate extending to several hundred acres working with solicitors, trustees and financial advisors as well as individuals. She was previously on the panel of valuers for two Housing Associations where she completed around 80 valuations, in around three months, as part of the Voluntary Right to Buy Scheme.