beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Inheritance Tax Manual

Other communications received from the VOA: property in the market for sale

If in a formal valuation case the VOA (IHTM23002) knows that

  • a sale of property is pending, or
  • it is in the market for sale

they should normally continue with the valuation rather than deferring negotiations. However, they may, in exceptional circumstances, defer negotiating with the taxpayer until the sale has taken place - because, for example, the property concerned is very unusual.