Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

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 ICTA88/S776 etc does 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 ICTA88/S776 etc does not apply, a request for an agreed valuation of the right should be forwarded to

    The Valuation and Lands Agency Northern Ireland
    Queen’s Court
    56-66 Upper Queen Street
    Belfast
    BT1 6FD

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