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HMRC internal manual

Capital Gains Manual

Land: valuation: apportionments: advice from the Valuation Office Agency

Where you need to apportion the total consideration given or received on the acquisition or disposal of more than one asset and one of the assets is land in the United Kingdom you may be able to agree the apportionment without reference to the Valuation Office Agency. This may be appropriate where all of the assets are equally chargeable, so that a different apportionment will have little or no effect on the tax chargeable.

Otherwise it will normally be appropriate to obtain the Valuation Office Agency’s advice. For example, this will usually be so where

  • one or more of the assets is covered by a relief or exempt from Capital Gains Tax


  • the consideration apportioned to any relieved or exempt asset appears excessive.