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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Valuation of assets: ascertained values: other assets

You can find out if the value of an asset has been ascertained by contacting Specialist PT - IHT. You should email Specialist PT - IHT, at TREST, Liaison (Specialist PT Trusts & Estates) and give

  • the full name of the deceased
  • the date of death
  • a clear description of the asset involved.

They have to retrieve files from an off-site store. For requests made in December and January they cannot guarantee that they will be able to respond in time to inform your decision as to whether to open an enquiry.

Where you are told that the value was ascertained, and the value agrees with the figure used in the computation (after any adjustment to reflect a part share or holding of the asset see CG32230) you may accept the value in the computation. Where the ascertained value differs from that in the computation, you should make appropriate enquiries to reconcile the discrepancy.