Valuation of commerical and residential real estate assets

Ian Mackie

Wealth and Policy, Working Paper 143

30 Oct 2020

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This paper outlines the key valuation concepts and issues relating to commercial and residential real estate in the context of the introduction of a wealth tax, focusing on property in England, Wales and Northern Ireland. The paper considers the definition of real estate and how this impacts upon tax valuations, before setting out the bases of value and valuation approaches commonly used. It then looks at the different valuation approaches currently used for a range of taxes including Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax, the Annual Tax on Enveloped Dwellings, Income Tax, Corporation Tax, Business Rates and Council Tax.

DOI: 10.47445/143
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