IHTM23195 - Special valuation matters: machinery and plant
The Valuation Office Agency (VOA) (IHTM23002) may be asked for a valuation of machinery and plant (other than in going concern (IHTM23179)
When considering whether 100% business relief is available, bear in mind that from 6 April 2026, there is a £2.5 million 100% relief allowance on the combined value of agricultural and business property (apportioned between all items of such property) and any value over that amount gets relief at 50% (see IHTM25500).
When making such a request, send the VOA an itemised schedule of the assets to be valued.