Land: disposals: unascertainable deferred consideration: valuation
In order to establish the value of the right to receive unascertainable consideration at some time in the future, you should follow the following procedure.
- If possible, obtain the taxpayer’s agreement as to what is to be valued, and any valuation of the right which the taxpayer wishes to put forward.
- Where the original asset disposed of was land in England, Scotland or Wales, and the transactions in land provisions (see CG72852) do not apply, a request for a valuation of the right should be forwarded to the Valuation Office Agency’s Registration Centre for the area in which the land lies.
Where the original asset disposed of was land, in Northern Ireland, and the transactions in land provisions do not apply, a request for an agreed valuation of the right should be forwarded to
HQ Client Services
Valuation Services Directorate
Land & Property Services
Department of Finance and Personnel
7 Lanyon Place
Belfast, BT1 3LP
See CG72881 for details of the procedure to follow when making the valuation request.