000			01468nab a22002175a 4500
005			20250826134809.0
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008			250826t2024 xxk oo | o000 0 eng |
041	0		_aeng
245	0	0	_aChifley Holdings Ltd (BVI) v HMRC _h[electronic resource]
260			_aUpper Tribunal (Lands Chamber) _b[2024] UKUT 00301 _c25 September 2024
520			_a[2024] UKUT 00301 (LC). An appeal decision on the valuation of a multi-million-pound West End London home for the purposes of the Annual Tax on Enveloped Dwellings (‘ATED’), an annual tax payable by companies that own UK residential property worth more than £500k. In finding that the property was worth more than £10m as argued by HMRC, the Upper Tribunal considered the relevance of and weight to be given to post-valuation date evidence, holding that while events after the valuation date which could not have been known to the valuer or hypothetical buyer should not be taken into account, post-transaction sales can be used to inform the valuer as to the state of the market at the time of the valuation.
650	0		_aCHIFLEY HOLDINGS LTD (BVI) v HMRC
650	0		_aCOMPARABLES
650	0		_aPOST-DATE VALUATION EVIDENCE
650	0		_aVALUATION
651		4	_aUnited Kingdom
690			_aValuation _96273
856	4	0	_uhttps://landschamber.decisions.tribunals.gov.uk/judgmentfiles/j2034/LC-2023-482%20Final%2025.9.24.pdf _zAvailable from the Lands Tribunal
942			_n0 _2ddc
999			_c122206 _d122206