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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Valuation: post transaction valuation checks


Referrals to Shares and Assets Valuation

You may receive a request to check a valuation of a chattel, see CG16600+.

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.

Apart from these examples, no value should be accepted without a referral to Shares and Assets Valuation in any circumstances.

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 Agency

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 Agency.

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 Agency.