What are Red Book Valuations Used for?
- Building Insurance Reinstatement
- Company Accounting
- Taxation (including Capital Gains Tax)
- SIPP (self invested personal pension) / SSAS (small self administered scheme) Pension Trustee Requirements
- Single Joint Expert and Expert Witness instructions, including for matrimonial proceedings
Why is a Red Book Valuation Required?
Our Red Book valuation reports provide all the necessary detail to enable the reader to understand the economic circumstances in which the report has been compiled. They detail the findings of our inspections, including the size and condition of the property, supported by photographs, Land Registry plans and local market insight.
Red Book Valuations are Suitable for both Commercial and Residential Properties
‘Red Book’ property valuations are undertaken by a RICS Registered Chartered Surveyor. The process, including property inspection, research and analysis and report preparation is completed to defined standards. The valuation report is a trusted document, used to inform a range of legally binding agreements.
If areas of the property, grounds or services were not accessible for inspection and, if assumptions have been made, these will be explained. The valuation report also offers comparable information in the form of similar local properties being marketed or recently sold/let within the area.
Neil Moran Associates is an independent RICS Regulated practice, with RICS Registered Valuers that prepare Valuation Reports on behalf of our clients. We undertake Red Book property valuations on commercial and residential properties across the Home Counties. All are carried out following the current RICS Practice Statements, Guidance Notes and Standards.