Capital Gain Valuation Services — Every Provision, Every Asset Class
Specialist Government Approved Capital Gain Valuation Services for transactions where the valuation must do more than indicate market value — it must establish a defensible statutory valuation position.
The practice covers Section 50C SDV challenges, Section 55(2)(b) retrospective FMV, Finance Act 2024 transitional computations, cost of improvement, jewellery, art, unlisted shares and multi-asset capital gain engagements.
Valuation Built Around the Provision
Each engagement begins with the applicable Income Tax valuation provision and then works backwards into the evidence, methodology, comparable data and asset-specific analysis required to support the certificate.
From a single property transaction to a complex family estate containing property, jewellery, art and unlisted shares, the practice can coordinate the valuation architecture under one engagement.
Section 50C — SDV Challenge Certificate
Establish the Fair Market Value below the Stamp Duty Value through a structured valuation supported by comparable registered transactions, location-specific evidence and a methodology designed for scrutiny.
The engagement is structured for the Section 50C challenge and can address the valuation position of the seller while also coordinating the corresponding Section 56(2)(x) buyer-side implications where applicable.
Section 55(2)(b) — Pre-2001 Cost Substitution
Establish the Fair Market Value as on 1 April 2001 for eligible property, jewellery, art and shares where the taxpayer elects to substitute the 1 April 2001 FMV as the cost of acquisition.
The valuation uses retrospective methodology and period-specific comparables to reconstruct the relevant historical market position. The resulting base value can also feed directly into Finance Act 2024 transitional analysis.
Finance Act 2024 Transitional Computation
For qualifying acquisitions made before 23 July 2024, prepare the comparative computation between 12.5% without indexation and 20% with indexation.
Where the indexed route is relevant, the Section 55(2)(b) 1 April 2001 base value becomes a critical component of the CII-indexed cost calculation. The engagement provides a structured comparison and recommendation of the optimal method.
Cost of Improvement — Civil Engineering Assessment
Assess significant structural improvements made to property after acquisition and establish the Cost of Improvement from a civil engineering perspective.
The assessment considers the nature, extent and period of works, supported where applicable through PWD Schedule of Rates and technical construction analysis. The resulting quantum can support the Section 48 capital gain computation.
Jewellery Capital Gain — Rule 11UA
Prepare current or retrospective Fair Market Value certificates for jewellery portfolios, including historical valuation requirements associated with capital gain computation.
For pre-2001 assets, the valuation can incorporate IBJA historical gold price evidence as part of the Section 55(2)(b) retrospective valuation framework.
Art Capital Gain — Rule 11UA(1)(a)
Establish the Fair Market Value of paintings, sculptures and works of art for current transactions and retrospective capital gain requirements.
For eligible pre-2001 assets, the practice establishes the 1 April 2001 retrospective FMV under Section 55(2)(b), incorporating appropriate historical evidence for the work, artist, period and market context.
Unlisted Shares — Section 50CA & Rule 11UAE
Establish the applicable Fair Market Value of unlisted equity under the Rule 11UAE framework and analyse the Section 50CA deemed consideration implications where shares are transferred below the applicable FMV.
Where the company's NAV contains significant underlying assets, the engagement can coordinate supporting certificates for property, art and jewellery forming part of the company's asset base.
Multi-Asset Capital Gain Package
An integrated valuation engagement for estates and transactions containing multiple capital assets — combining property, jewellery, art and unlisted shares within one coordinated valuation architecture.
Asset-specific certificates are prepared under the relevant valuation framework and brought together through a consolidating capital gain computation note, giving the CA and legal team one coordinated evidentiary record for the transaction.
Have a Capital Gain Valuation Requirement?
Share the asset class, acquisition date and transaction structure. We can identify the applicable valuation provision and advise on the appropriate certificate and evidence required.