This type of valuation refers to sale between private parties; this is required when one person wishes to sell property to another person in a private way. This type of valuation would be at open market level, the value rounded up or down to an appropriate value that both parties agree on. It may be that you just need a report to state what the item is you are buying form family or friend that the piece is genuine.
For this type of valuation we would advise a home visit service and guarantee the valuation would be kept private and confidential.
Capital Gains Tax
Capital gains tax is where clients or their professional advisors require a formal valuation for capital gains tax purposes.
The jewellery and watches would state open market assessment usually compared to prices achieved at auction.
For more information on why it is needed please click here