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HMRC internal manual

Capital Gains Manual

Land: valuation: CG 20: description of taxpayers interest

Other taxpayers may be affected by the valuation, for example the co-owners of an asset where the share held by each needs to be valued at a particular date.. It is important that valuations of all interests in land who could be affected by the valuation are considered together.

When the request for one or more valuations is required on an undivided share basis, see CG74240+, this should be clearly indicated on form CG20 together with the percentage share or shares to be valued clearly specified. If more than one taxpayer is affected by the valuation a memo should be attached to include relevant details of the other holders of undivided shares which need to be valued. In negotiation cases the memo should make clear the contact details of all the taxpayers with whom the VOA is to negotiate.

In such a case separate forms CG20 in respect of the valuation of each share are required for each taxpayer.

Where you require a formal agreement under the 1967 Capital Gains Tax Regulations, see CG16400+ please advise the Valuation Office Agency in a separate memo with full details including the names and addresses of all the persons whose liability may be affected by the valuation.