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HMRC internal manual

Capital Gains Manual

Land: valuation: introduction: post transaction valuation check

The guidance at CG16600+ describes the post transaction valuation check service. If you receive a request to check a valuation of land you should deal with it as follows

  • if the number of valuations makes the case suitable for the Land Portfolio Valuation Unit, follow the guidance at CG74080+
  • if the valuation falls within the limit set out in CG74100+ you can accept it without reference to the Valuation Office Agency
  • in all other cases complete form CG20, see CG74330+ and ask for a not negotiated valuation in accordance with CG74381.

You should inform the Valuation Office Agency that the valuation is needed for a post transaction valuation check and supply a copy of the CGT computation and any other information that has been provided in support of the request.

CG16612+ explains the action that you should take when you receive the return for the tax year in which the transaction took place.