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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
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What to do on receipt of the VOA's final report: report endorsed ‘no question need be raised on this valuation’

What it means

This endorsement is made when the VOA (IHTM23002) is satisfied from information in his possession that

  • the value returned is reasonably correct; and
  • any likely increase does not justify the expense of inspection (IHTM23223) and subsequent dialogue with the parties.

Action

You should

  • act upon it as if it were an `agreed’ (IHTM23147) valuation; and
  • tell the parties that the VOA has ‘no question’ (IHTM23074) to raise on the value offered.

Should the property be sold at a higher figure, we may ask the VOA to reconsider (IHTM23162) his opinion of value.