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HMRC internal manual

Shares and Assets Valuation Manual

Self Assessment: Corporation Tax Self Assessment (CTSA) - PTVCs

The Post Transaction Valuation Check service provided by HMRC to help individuals and trustees complete their Self Assessment tax returns has been extended to companies under CTSA. Companies should send form CG34 (which has been amended to cover companies), with full information about the transactions to which the valuations relate, and any relevant computations, to their HMRC office. The guidance notes on form CG34 set out all the information and documents that need to be provided. Companies may obtain forms CG34 from any office or online.

CTSA PTVCs should be handled in the same way as others. You need to keep the Inspector informed of progress at all stages and to ensure that an enquiry has been opened if negotiations of a valuation continue beyond the time when a CTSA return has been received.

If you consider that any CTSA PTVC has been used to pre-empt information being taken into account in arriving at a value that might otherwise have become available later, please refer the case to your Assistant Director.

  Additional Guidance: SVM150000