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.