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HMRC internal manual

Shares and Assets Valuation Manual

From
HM Revenue & Customs
Updated
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Self Assessment: Post Transaction Valuation Checks (PTVCs) - Processing PTVC Valuations

The Inspector should submit the request by memo attached to an email or via the internal post to SAV. Inspectors have instructions to indicate that they are seeking advice on a valuation in connection with a PTVC case.

A request for a CGT PTVC should follow the normal processing route, but regard should be taken of the SA return dates- see SVM105060.

Occasionally SAV will receive a PTVC request from other offices outside the Local Compliance Network (for example Large Business, High Net Worth Unit and so on). If one of those offices asks SAV to proceed with the valuation then we should do so.

In cases where, prior to the passing of the filing date, the taxpayer/agent does not co-operate with SAV, the SAV valuer should inform the instructing office and await further instructions.

  Additional Guidance: SVM150000