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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Assets: valuation: introduction

This guidance deals with the valuation of assets for Capital Gains Tax. It answers the following questions

  • When is a valuation needed? See CG16210
  • Who is responsible for making that valuation? See CG16230
  • Who is responsible for checking and agreeing valuations? See CG16233-CG16311
  • If you are responsible for checking a valuation how should you go about it? See CG16330-CG16394
  • What should you do if there is more than one person whose liability depends on that valuation? See CG16400+
  • Who pays the tax when there has been a transfer of an asset at undervalue? See CG66500+
  • What do you do for Capital Gains Tax when a transfer of an asset from an employer to an employee at undervalue is taxed as employment income? See CG16270-CG16300