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
56-66 Upper Queen Street
See CG72881 for details of the procedure to follow when making the valuation request.