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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Mineral royalties: valuations

If a valuation of a mineral lease is required for CGT purposes, that valuation shouldbe obtained in the following way.

  • Where the mineral lease is over land in the UK, the valuation request should be sent to the appropriate Valuation Office Agency. The request should be made by way of a memo setting out the reasons for the request and should be accompanied by a completed Form CG20 (New) and a copy of the lease.
  • Where the mineral lease is over land outside the UK, the valuation request should be sent to Capital Gains Technical Group. Such a request should be made in the manner set out at CG75820.