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HMRC internal manual

Capital Gains Manual

Land: valuation: when not to use a CG 20

Form CG20 is not to be used for the following valuations

  • employment income valuations, see CG16270 and EIM08001+
  • capital allowance valuations, see CA12300+
  • land and buildings held as trading stock where a valuation is required to determine case I profit or loss, see BIM51500 onwards
  • assets other than land and buildings
  • unquoted shares
  • valuations which fall within CG74050 (including requests for multiple properties or portfolios)
  • the valuation of the retained interest for a part disposal where the practice in CG71850+ applies, as in such cases no such valuation is required.

Form CG20 is not to be used for the following valuation requests

  • for pre-enquiry requests for ‘risk valuations’ where informal liaison arrangements are in place between your business area and the VOA.
  • for requests for a negotiated valuation where the Valuation Office Agency has previously been asked to give an opinion on a ‘not negotiated’ basis. See CG74430.