Land: valuation: CG 20: when to ask for ‘not negotiated’ valuation
You should ask for a ‘not negotiated’ valuation if:
- it is a first reference request to the VOA (an exception to this is in unusually complex valuations and it is clear that discussion between the VOA and the taxpayer is necessary and/or specifically requested by the taxpayer)
- you are asked for a post transaction valuation check, see CG74032
- a ‘not negotiated’ valuation has already been provided by the VOA for pre-enquiry risk purposes; it is based on limited information; the figure has not been disclosed to the taxpayer and more information has now been provided or can be obtained following the opening of an enquiry.
You should not use from CG20 to request a ‘not negotiated’ valuation for pre-enquiry requests for ‘risk valuations’ where informal liaison arrangements are in place between your business area and the VOA (see CG74323).