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HMRC internal manual

Shares and Assets Valuation Manual

Introduction: What does SAV do?

Shares and Assets Valuation (SAV) provides HMRC with a valuation service in respect of a range of assets.

It is primarily responsible for valuing shares in companies which do not have a listing on a recognised Stock Exchange anywhere in the world.

SAV also values some other assets including

  • Loans to companies
  • Goodwill
  • Intellectual Property (Brand names, trademarks, copyrights and so on)
  • Foreign property such as apartments in Spain
  • Lloyds underwriting interests
  • Livestock and bloodstock
  • Suspended and cancelled quotes on the Stock Exchange
  • Bullion
  • Wine and spirits
  • Yachts, ships, aircraft and mobile homes
  • Chattels - that is to say works of art, antiques
  • Minerals

SAV values mainly for Capital Gains Tax, Inheritance Tax and Employment Income purposes; but also receives requests to value for Stamp Duty and Pension Schemes purposes.

The Valuation Office (the District Valuer) deals with the valuation of UK land and property, foreign commercial property, plant and machinery, mineral bearing property and waste management operations.

  Additional Guidance: SVM150000