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HMRC internal manual

Business Income Manual

HM Revenue & Customs
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Builders, property dealers & developers: income recognition: valuation: multiple valuations

Where valuations are required for a number of separate properties you should:

  • observe the guidance at BIM51570 onwards,
  • attach a schedule of the properties involved, and
  • send it to the District Valuer in whose area the first mentioned property is located.

The Valuation Office Agency will make the necessary arrangements if the valuations need to be co-ordinated between different District Valuer’s offices.

However, a selective approach is recommended. The conclusions reached on a percentage of the property valuations returned will enable you to decide whether enquiries need to be extended to other properties.