CG77001 - Valuation: post transaction valuation checks
TCGA92/S272
Referrals to Shares and Assets Valuation
You may receive a request to check a valuation of a chattel, see Post Transaction Valuation Checks guidance (GOV.UK).
While any valuation can be checked, you may accept those which appear reasonable and which do not exceed:
- £10,000 per item (or set) for any of the assets to be referred to SAV Chattels listed in CG77000
- £25,000 per item (or set) for any of the other assets (other than animals) listed in CG77000.
CG16612 explains the action that you should take when you receive the return for the tax year in which the transaction took place.
Referrals to Valuation Office
If you are dealing with a case involving fixed plant or machinery which has been disposed of with land, see the guidance at CG74000+ and, if appropriate, refer the valuation to the Valuation Office.
If you are dealing with a case involving moveable plant or machinery (which is not within CG77000), then you may accept any valuation which is supported by a professional valuation. Other cases can be referred to the Plant and Machinery Valuer, the Valuation Office.