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HMRC internal manual

Capital Gains Manual

Valuation: what to include


If you are referring a case for valuation, you need to include as much of the following information as is appropriate:

  • a full description of the asset. If, for example, it is a ship, whether it is a sailing yacht, a motor yacht, a houseboat, etc.
  • the relevant facts of its history. For example, a history of any alterations or conversions, etc.
  • the date of acquisition
  • the original acquisition cost or the proposed acquisition value and the cost of any significant additional expenditure
  • the date of disposal
  • the amount of the disposal proceeds or the proposed disposal value
  • the value(s) for which it was insured at the date(s) when a value is required
  • the taxpayer’s valuation and any available information about the qualifications of any valuer they may have employed.