Land: valuation: CG 20: leasehold property
If the taxpayer’s interest in the property to be valued is a leasehold interest, the relevant factors in determining the value of the leasehold interest are given at CG74350 above.
Full details at each valuation date should be given in the box headed ‘description of taxpayers interest’ and brief details should be given in the box headed ‘valuations required’.
If necessary an accompanying report should be supplied.
Wherever possible you should obtain a copy of the lease and forward it with the CG20.