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HMRC internal manual

Capital Gains Manual

Assets: principles of valuation: inspection of property


Under the powers granted in FA08/SCH36/PARA12A an Officer may enter and inspect the premises and any other property on the premises for the purpose of ascertaining its market value.

In most cases it will usually be possible for the Valuation Office Agency or the specialist valuer engaged by SAV to arrange an inspection, on behalf of HMRC, for valuation purposes with the taxpayer (or current owner or occupier of the property) by agreement without resorting to formal use of statutory powers.

However if the inspection is refused the caseworker will be notified and should then refer to the guidance at CH25380+.


For disposals prior to 1 April 2010 TMA70/S111 applied to give the same effect.

You should not in any circumstances insist on access to or require production of any asset which may later require inspection on behalf of HMRC by the Valuation Office Agency or by any other person holding professional qualifications. These powers should only be exercised in line with the Schedule.