IHTM23223 - Procedure in the VOA: inspection and valuation
Where the VOA (IHTM23002) cannot accept the value at the initial appraisal (IHTM23222), cases move into the inspection and valuation stage.
An inspection and valuation exercise will usually comprise one substantive exchange with the taxpayer about value after inspection. The VOA may
- accept the value offered
- put forward an alternative value
- agree an intermediate value following a counter valuation from the taxpayer
The time scale and target to reach a conclusion in this stage is a maximum of 3 months (60 working days).