Independent classic car valuations for HMRC and tax.
Whether for capital gains, inheritance tax or an HMRC enquiry, an evidence-based market valuation protects your position. Our reports are independent, thoroughly researched and presented in a form HMRC and your accountant can rely on.
What an HMRC valuation covers
HMRC expects a vehicle’s value to be supported by evidence, not assertion. A professional valuation sets out the open-market value with the comparable sales and reasoning behind it, the kind of documentation that holds up under enquiry.
Reports are suitable for capital gains tax, inheritance tax, benefit-in-kind questions and general HMRC correspondence.
Evidence-based market value
Grounded in comparable UK sales, with the full reasoning shown.
Formatted for HMRC
Clear, professional documentation suited to tax and compliance use.
Capital gains & inheritance tax
Valuations to support CGT, IHT and estate calculations.
Defensible reasoning
Independent and impartial, a position you can stand behind if questioned.
When you might need an HMRC valuation
When disposing of a qualifying vehicle for capital gains purposes, when a car forms part of an estate for inheritance tax, or whenever HMRC asks you to substantiate a figure. An independent report removes the guesswork and the risk.
For legal, probate or dispute contexts, our Expert Legal report provides the most thorough, formally presented documentation.
Frequently asked questions
Is a classic car exempt from capital gains tax?
Many cars are treated as wasting assets and may be exempt, but the position depends on the circumstances. An independent valuation supports whatever figure you need to evidence to HMRC. This is not tax advice. Consult your accountant.
Will HMRC accept an independent valuation?
HMRC looks for a reasoned, evidence-based figure. Our reports set out comparable sales and the reasoning behind the valuation, which is exactly what is expected.
Which report do I need for HMRC?
The Comprehensive report suits most tax matters; the Expert Legal report is best where fuller, formally presented documentation is required.