Getting Real Property Valuations Online Review

propertycashbuyers.com online property valuation website

propertycashbuyers.com online property valuation website

We recently tried out several online real property valuation tools and want to share with you our favourite websites to try.

Getting your real property valued can be a tricky subject especially if you need to compare different RICS survey options.

We found a really handy little tool recently at https://propertycashbuyers.com/online-property-valuation/ which uses data from a number of different property aggregation sites to estimate the true value of any house or flat.

We put it to the test in June 2017 against 100 different real property addresses to compare what the site said and what the property actually sold for.

in 90% of cases the house or flat valuation was within 10% of the actual sold price.

It’s estimated that over 1,000,000 people will sell their homes this year so we expect websites such as these to increase in popularity as more and more of us look to the internet to sell our homes or find out how much they are worth.

Similar websites such as Zoopla, RightMove and propertypriceadvice.co.uk all work in similar ways so its worth checking out a few options to decide which service works best for you.

The thing we did like about this website above the others was its ability to actually sell your home online if you were happy with the valuation. The other websites tended to only give you a valuation which is great but not very useful if you need to move home.

We have not tried their other service but you can also compare conveyancing and removal quotes too.

Let us know what you think and if you know any other great websites to help homeowners in the UK.…

Property Tax Minimization, Tax Avoidance and Tax Evasion – What’s The Difference

Which of these is legal and which isn’t? Let us uncover the differences of these.

property tax savingsProperty Tax have a number terms used to describe strategies and behaviors involved, such as “tax minimization” or “tax avoidance” in the corporations and academic accounting literature on tax. This can result in confusion about what exactly is being discussed or alleged. With this, there are further baffled effect by which some of these terms are being used interchangeably, both within the mainstream and within academic.

Property Tax Evasion

This usually signifies an illegal tax-reducing arrangements. However, this should refer to any wilful misrepresentation of tax affairs, as some entities may enter into such an arrangement unconsciously. Furthermore, any entities can and do implement a broad range of tax positions. Many of these arrangements have never been challenged and subject to Tax Office or judicial determination, with their status being undefined such determinations, including appeals, may also take many years to complete, leaving similar arrangements elsewhere in limbo. In other words, the distinction as to what constitutes tax evasion is determined by court. The Tax Office is the agency responsible for assessing whether strategies and transactions are tax evasion or legitimate tax-reducing arrangements.

It only becomes “tax evasion” once it has been determined as such by the Tax Office, or by any courts if challenged.

TAX MINIMIZATION

image of money being saved from taxThe academic literature has adopted the concept of a variety of tax-reducing arrangements. These range from benevolent benefits that are actively encouraged by the tax system, such as research and development and capital allowances, through to outright tax evasion, such as artificial inter-company transfer pricing and thin capitalization.

There are also many online forums giving free advice on reducing property tax but always consider using a paid expert.

The starting point for the continuum is the tax outcomes that would exist if tax considerations were totally ignored when entering into business strategies and transactions.

Anything that reduces tax liabilities from that point is regarded as “tax minimization” or “tax planning”. There is no upper limit to the range of tax minimizing activities.

PROPERTY TAX AVOIDANCE

“Tax avoidance” refers to tax planning activities that have a low level of probability (less than 50%) of surviving a tax audit, as opposed to those activities that are outright illegal or wilful misrepresentation. Another term quite often used is “aggressive tax planning” which is used in Australia but is known as “tax sheltering” in the UK.

To wrap it up, a line between “tax avoidance” and “tax evasion” can be very thin and at times indistinguishable. The test applied in judicial determinations is based on the “dominant purpose” of a transaction or activity and this concept underlies the anti-avoidance provisions of the tax legislation.

Video Explaining Legal & Illegal Ways to Avoid Property Tax in 2017

The Condition of Housing Market in the United Kingdom

So, you are looking forward to getting the latest news on the condition of the UK housing market? The property market in the UK is in crisis at present. The Brexit vote has not been able to arrest the steady rise in the value of assets in the UK. The increase in the demand for property in the UK has increased the value of housing in the nation changing the demographics of home ownership. As per reports, the older people can easily own a home of their own, but the young people will need to wait longer. The problems of UK property or housing market have been exacerbated with the complete insufficiency of construction. This issue is not showing any signs of getting resolved in the long run.

Coming to the prices of property in the UK, they are still on the rise, and they are rising fast. The Brexit vote did not have any effect on the rising prices of property in the United Kingdom. The prices that were around £214,000 in the month of June have not gone up by £24,000. The increase in the prices of houses in the UK is more or less important, but something that matters is the comparison of house prices with the wages. As per reports from Trades Union Congress, in the UK, the real wages have decreased by 10.4% following the financial crisis. This has further exacerbated the deviation between house prices and real wages. According to reports coming from Full Fact, this gulf has widened particularly in London.

It has been put down that the UK should build around 300, 000 new houses every year, but the UK government has never reached this target. Housing supply in the UK is entirely disrupted while the demand for homes has always been on the rise. The housing market of UK is not in good condition as there are more and more renters coming up with their demand for rented houses. It is only because of the gradually slowed down property market of the United Kingdom that the demand for home ownership has declined recently.

Property laws do not allow young people to own houses in the UK which is another factor behind the decline of the housing market in the UK. If youngsters were allowed to own homes in the UK, they would not be on the lookout of rented properties. This would offer some comfort to the gradually declining property market in the UK.