Covid-19 is impacting on valuations and potential opportunities in private client, says Matthew Duncan
The covid-19 pandemic has affected the lives of every person in the UK. The challenges caused by the virus to practitioners in the private client arena, particularly in probate and the property sectors, will undoubtedly impact us and our clients for some time to come. There are, however, some tax planning opportunities which could be taken advantage of.
Valuations are calculated by estimating the price a hypothetical buyer would pay to a willing seller at a given point in time. There are many factors that go into establishing a price or market value including reviewing recent similar sales and establishing if any uncertainty surrounding the property or the market may affect its value.
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