![]() Benefits of Commercial Property Valuation Alternatively, if the business is being transferred, you will need a valuation for the Stamp Duty tax. Should you choose to sell the commercial property in the future, valuations will need to be provided to the Inland Revenue this is for them to calculate whether Capital Gains tax is due to be paid. Having a valuation will allow you to keep your accounts current and accurate, which is just good business practice. Not having this information to hand may cause delays and give you an unprofessional appearance. It is mandatory that any business owners should have a good knowledge of their properties, whether that’s to secure funding from a bank or during property audits. However, it is extremely important that companies of all sizes and industries obtain a property valuation when considering the purchase, as it may end up being an expensive oversight should the property’s value be over or under-estimated. ![]() Reasons to Get a Commercial Property ValuationĪ commercial property valuation can easily be overlooked, with some businesses seeing it as an unnecessary expense. You will also need a valuation to assess the value of a property to provide your insurance company to enable them to give you a quote. This is imperative if you are looking to get a mortgage or loan to pay for the property, as the lender will require reassurance that the price you have given them is accurate. A valuation will allow you to negotiate on price or even decide if it’s a better business decision to walk away.īy working with a professional, established valuer such as Budworth Hardcastle – an industry expert for almost thirty years – you can be safe in the knowledge that we will bring expert valuation techniques that provide well-informed, accurate information.Ī property valuation will provide you with the tools to decide what to do with the building you are considering purchasing. It can be a huge decision to invest in a commercial property, and when making this purchase, it can be reassuring to have a thorough property valuation. News Why You Need a Commercial Property Valuation Why You Need a Commercial Property Valuation
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