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HMRC internal manual

Business Income Manual

From
HM Revenue & Customs
Updated
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Builders, property dealers & developers: Valuation: not negotiated valuation: accepted

If the District Valuer accepts the taxpayer’s valuation you will receive a report agreeing the valuation ‘as returned’. In such cases, you should compute the profit or loss and conclude any enquiry or determine any appeal on the basis of that valuation.