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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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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
    Lanyon Plaza
    7 Lanyon Place
    Belfast, BT1 3LP

See CG72881 for details of the procedure to follow when making the valuation request.