Land: valuation: CG 20: ‘not negotiated’ valuation: time limit
The Valuation Office Agency will normally provide you with a ‘not negotiated’ valuation within the period set out at CG74384. If the time limit for opening an enquiry or making an assessment is likely to expire before the valuation is received you should
- send a covering note with the CG20
- explain the position
- ask urgently for a ‘not negotiated’ valuation.
IF TIME IS VERY SHORT YOU SHOULD TELEPHONE THE VALUATION OFFICE AGENCY. The valuation provided in these circumstances is often termed a ‘best of judgement’ valuation.